Magazine
Latest Issue

Falling out

Intellectuals have previously led Labour's reform of Britain, but New Labour uses academics only on policy detail. In return, those intellectuals scorn the Blair project

By John Lloyd   45

Fifty years ago Friedrich Hayek published an essay called The Intellectuals and Socialism. It reads curiously today, because it is so despairing about the future of liberal capitalism. Hayek thought that modern society had produced too many intellectual generalists (academics in the humanities, journalists, teachers, publicists)-people who “purveyed second- hand ideas… but are usually amateurs so far as the substance of what they convey is concerned.”

The great Austrian-born economist had a mordant view of these people: “It is the absence of direct responsibility for practical affairs and the consequent absence of first-hand knowledge of them which distinguishes the typical…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with our newsletter, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

We want to hear what you think about this article. Submit a letter to letters@prospect-magazine.co.uk

More From Prospect