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Friedrich Hayek was the 20th century's most significant free market theorist. Over the course of his long career he developed an analysis of the danger that state power can pose to individual liberty. In rejecting much of the liberal tradition's concern for social justice and democratic participation, Hayek would help clear away many intellectual obstacles to the emergence of neoliberalism in the last quarter of the 20th century.
At the core of this book is a new interpretation of Hayek, one that regards him as an exponent of a neo-Roman conception of liberty and interprets his work as a form of 'market republicanism'. It examines the contemporary context in which Hayek wrote, and places his writing in the long republican intellectual tradition.
Hayek's Market Republicanism will be of interest to advanced students and researchers across the history of economic thought, the history of political thought, political economy and political philosophy.
List of contents
Introduction Hayek's Epistemic Economics Hayek and Republicanism The Nature of the Emergency Intellectual Emergency Equipment and Liberal Authoritarianism Methodology, Context and Parameters Chapter One: Government and the Business Cycle Hayek's Early Work The Gold Standard and the Central Banks The Exchange with Keynes Conclusion Chapter Two: The Socialist Calculation Debates From Economics to Political Economy Planning vs Freedom The Limits of Hayekian Epistemic Economics Conclusion Chapter Three: Liberalism: True and False The British/Continental Binary Mill and Rationalism Questions of History Conclusion Chapter Four: Hayek's Market Republicanism Hayek and The Republican Tradition Hayek and Non-Domination The Limits of Hayekian Liberty Conclusion Chapter Five: The Danger of 'Unlimited' Democracy Unlimited Democracy and the Total State A Self-Limiting Democracy Arbitrary Power and Governability Conclusion Chapter Six: Inflation and Social Justice Full Employment and the New Morality The Politics of Deflation Social Justice and Market Republicanism Conclusion Chapter Seven: A Market Republican Constitution Origins of the Model Constitution The Model Constitution A Constitution of Oligarchy Conclusion Chapter Eight: Market Republican Money The Denationalisation of Money Reception and Viability of the Scheme Cryptocurrencies Conclusion Chapter Nine: Liberal Authoritarianism and Market Republicanism Isonomia, Demokratia and Demarchy Endorsing Dictatorship Dictatorship and the Oligarchic Market Republic Conclusion Conclusion
About the author
Sean Irving has a PhD in history from the University of Manchester, UK.
Summary
At the core of this book is a new interpretation of Hayek, painting him as an exponent of a neo-Roman conception of liberty and his work as a form of ‘market republicanism’. It examines the contemporary context in which Hayek wrote, and places his work in a longer Western intellectual tradition.
