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Are neoliberalism (Hayek) and neoconservatism (Kristol) compatible? Explain why or why not.

When you do find it necessary to use a direct quote from the text, provide a footnote with bibliographic information and page number. You must also provide a bibliographic citation for all sources from which you have borrowed ideas, whether or not you have directly quoted the source.

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Are neoliberalism (Hayek) and neoconservatism (Kristol) compatible? Explain why or why not.
Neoliberalism advanced by Frederick Hayek and Neoconservatism propounded by Irving Kristol seem to be similar but are mainly incompatible. Hayek’s book “Road to Serfdom” containing his liberal ideas reflects the advancement of Smith’s ideas of lassiez faire economy. Neoliberalism favours the individual freedom and market economy, with minimal role for the state. Hayek supports the Smithsonian metaphor of ‘invisible hand’ in the market, based on the demand and...
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