Let’s start by asking: what did Smith and Hayek say?
No, it wasn't "laissez faire" or social darwinism or extolling the virtues of greed. Though both men praised private enterprise and market initiative, they did not share today's idolatry of personal and family wealth as the fundamental sacrament of economics. Rather, Adam Smith essentially founded our modern phase of the Western Enlightenment by anchoring a central postulate -- one that Pericles and Locke discussed earlier, and that others, like Hayek, later embellished. The postulate that human beings are supreme rationalizers and self-deceivers.