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| POLITICS, ETHICS AND SOCIAL RESPONSIBILITY OF BUSINESS
According to Friedrich von Hayek, liberty means that each one of us, in some essential ways, is free from
coercion by others. This is the basis on which we hold one another accountable in civil society. Where we
are free only in principle, liberty may be intangible. Where we are free in actuality, liberty becomes tangible.
It is in the tangible form that liberty allows us to become ourselves and makes us properly accountable
for our lives as we choose to make them. When we take decisions freely, without coercion, we should be
prepared to defend them. When we enjoy tangible liberty, we may justly assert our right not to be coerced
by others.
In its broadest sense, liberty is the ...