Friedrich Hayek

(1899 –1992)

1. Very Influential British Economist and Libertarian Thinker
2. Intellectual father of Neo-liberal Capitalism
3. His thoughts influenced Margret Thatcher and Reagon in bringing Neo-liberalism
4. Proponent of minimalist state; free market economy
5. Opposed ‘social justice’, ‘distributive justice’ as unnatural and against human freedom

Book:

1. The Road to Serfdom - 1944

Robert Nozick

(1938 – 2002)

1. Influential American Libertarian Thinker
2. Entitlement theory of Justice; procedural theory of Justice against Rawl’s theory of Justice based on distributive Justice
3. Supporter of Minimal state, low taxation
4. “a distribution of goods is just if brought about by free exchange among consenting adults from a just starting position, even if large inequalities subsequently emerge from the process”- his core thought
5. Critic of John Locke’s ‘Mixing of labour’ theory of property

Books:

1. Anarchy, State, and Utopia - 1974;
2. A libertarian answer to John Rawls' A Theory of Justice