ABSTRACT

Hayek makes this point as follows in the context of a discussion of justice: It has of course to be admitted that the manner in which benefits and burdens are allocated by the market mechanism would in many instances have to be regarded as very unjust if it were the result of a deliberate allocation to particular people. But this is not the case. These shares are the outcome of a process the effect of which on particular people was neither intended nor foreseen. To demand justice from such a process is clearly absurd, and to single out some people in such a society as entitled to a particular share evidently unjust.13