Other Schools of Thought

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John V. Denson

The most accurate description of the twentieth century is "The War and Welfare Century." This century was the bloodiest in all history. More than 170 million people were killed by governments with ten million being killed in World War I and fifty million killed in World War II. In regard to the fifty million killed in World War II, it is significant that nearly 70 percent were innocent civilians, mainly as a result of the bombing of cities by Great Britain and America.

Peter G. Klein

Hayek argues that exceptionally intelligent people who favor the market tend to find opportunities for professional and financial success outside the Academy (i.e., in the business or professional world). Those who are highly intelligent but ill-disposed toward the market are more likely to choose an academic career. For this reason, the universities come to be filled with those intellectuals who were favorably disposed toward socialism from the beginning.