PDA

View Full Version : Chris, did you see this article?



Peter1469
11-24-2012, 01:56 PM
http://www.tnr.com/article/books-and-arts/magazine/110196/hayek-friedman-and-the-illusions-conservative-economics


(http://www.tnr.com/article/books-and-arts/magazine/110196/hayek-friedman-and-the-illusions-conservative-economics)

Chris
11-24-2012, 02:12 PM
Yes, but TNR is generally liberal and the author, Solov, a freshwater neoclassical economist, proves it with his outlook.

Yes, Hayek held that the economy is an emergent order based on the dynamic actions and dispersed knowledge of individuals, and that trying to design or manage it is futile if not fatal. This the author of the piece for some reason unspecified labels the Good Hayek as opposed to the equally oddly labelled Bad Hayek who saw a role for government nonetheless. What the author fails to understand is Hayek followed the natural law tradition in which law emerges as well from the actions and knowledge of individuals in the form of social traditions and institutions, the economy being just one of those. What Hayek tended to reject was posited law, the idea that man can redesign and re-engineer society anymore than he can the economy.

It is an interesting read just the same.

Peter1469
11-24-2012, 02:13 PM
Thanks. Work was dead yesterday so I read it then, thought it would interest you.

Chris
11-24-2012, 02:21 PM
Appreciate it.

What I am saying is developed in Erik Angner's Hayek and Natural Law, a short book, probably a dissertation, and kind of dry, but well documented. It also delves into Hayek's natural law influences and spends a good deal of time on Adam Smith in that regard.