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In criticizing the progressive notion of equity, or equality of results, critics of such views embrace an order of “meritocracy.” F.A. Hayek, however, understood that in a free society, inequality is inevitable, and it is something we must accept.
Original article: https://mises.org/mises-wire/why-hayek-rejected-merit-based-equality
By Mises InstituteIn criticizing the progressive notion of equity, or equality of results, critics of such views embrace an order of “meritocracy.” F.A. Hayek, however, understood that in a free society, inequality is inevitable, and it is something we must accept.
Original article: https://mises.org/mises-wire/why-hayek-rejected-merit-based-equality