The Non Sequitur of the Dependence Effect

from Mises Media Hosted by David Gordon

Dr. David Gordon examines Hayek's reply to Galbraith, "The Non Sequitur of the 'Dependence Effect,'" showing why the claim that advertising-created wants are less "real" would, taken seriously, dismiss all of civilization — and why it conceals a dictatorial contempt for ordinary people's choices. Get your free copy of Hayek for the 21st Century: Essays in Political Economy: Mises.org/Hayek21

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The Non Sequitur of the Dependence Effect

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