Squaring the Circle: Friedrich von Hayek’s Attempt to Solve the Tension between Political Equality and Economic Inequality
The purpose of this article is to highlight themost important contributions Friedrich von Hayekmade to social and political theory, and to reviewvarious critiques directed against his ideas.This article also traces back those contributionsto Hayek’s engagement in the debate about socialistplanning....
| Autor Principal: | Gómez Albarello, Juan Gabriel; Profesor Asistente, Instituto de Estudios Políticos y Relaciones Internacionales de la Universidad Nacional de Colombia. |
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| Formato: | info:eu-repo/semantics/article |
| Idioma: | spa |
| Publicado: |
Pontificia Universidad Javeriana
2014
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| Materias: | |
| Acceso en línea: |
http://revistas.javeriana.edu.co/index.php/papelpol/article/view/10857 |
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| Sumario: |
The purpose of this article is to highlight themost important contributions Friedrich von Hayekmade to social and political theory, and to reviewvarious critiques directed against his ideas.This article also traces back those contributionsto Hayek’s engagement in the debate about socialistplanning. Hayek’s most important ideais that the market offers the best solution to thefact that social knowledge is always dispersedand incomplete. In tandem with this idea, Hayekopposed to the model of a centralized andplanned order another one in which that order isspontaneous, being the market its paradigmaticinstance. From this conception, Hayek derivedthe corollary that the idea of social justice is a mirage for, in a complex society, each one’sposition and income is the result of uncountableinteractions. Following this line of reasoning,Hayek strengthened his conviction that democraticgovernments’ intervention in the marketshould be severely limited. From left and fromright, various critics have shown shortcomingsin Hayek’s arguments that concern the idea ofincomplete and dispersed social knowledge, therelevance of social justice, the interdependencebetween the rule of law and democracy and theidea that the market is not a self-generating orderbut rather depends on a larger set of socialinstitutions. |
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