ndiscovered truth into common knowledge in society, he provides himself an opportunity to generate wealth. Hayek considered free markets powerful because they generate wealth in the most efficient way. The total quantity of wealth constantly increases due to productivity increases allowing all to acquire some of the increased wealth. In a world where free markets and globalization are becoming the accepted mean of economic survival, education becomes an extremely important debate. Hayek recognized the importance of education especially when due to technology jobs of low productivity and knowledge value are eliminated. As we all know this forces people to re-train themselves. The invisible hand and trickle down effect that the market will only succeed in Hayek’s view if individuals are able to retrain and perform the new function that there is demand for. The individual needs to know what skills are marketable and were the skills are most effective, the resources to obtain these skills and most importantly for Hayek, the desire to be trained and to use these skills. A method of providing these requirements would be the best free market, knowledge efficient cure to inequality. (12) Something socialism tried unsuccessfully to remove through unpopular and ineffective wealth distribution schemes. Free markets are powerful at generate wealth because they find the solution to a given problem by allowing any number of people provide a solution. All ideas try something different, with the successful ideas being emulated. This process of continuous discovery of what sells in the market, how to produce and provide the best product and service is the best way of increasing wealth and equality. As mentioned above, the dispute between central planning and Hayek’s ideas is not a dispute on how we ought to choose the various possible organization of society. And, it is not a dispute on the use of systematic an...
