Download Hayek's Political Economy: The Socio-economics of Order by Steve Fleetwood PDF

By Steve Fleetwood

In a society within which no imperative employer coordinates human job, why is there no longer chaos?Hayek's concept of 'spontaneous order' is going a way in the direction of delivering a solution.

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Additional info for Hayek's Political Economy: The Socio-economics of Order (Routledge Studies in the History of Economics, 3)

Example text

It is, I shall argue, the expression at the level of social theory of an underlying subjective idealist philosophy. Since I shall argue that Hayek II adopts hermeneutic foundationalism as his social theory and subjective idealism as his underlying philosophy, a few comments on subjective idealism at this stage might prevent a possible misunderstanding. Subjective idealism, as I defined it above, means that the structured mind of the transcendental subject structures the (possibly unstructured) object.

Ideas about class, then, do not originate in the cognitive activity of the mind; they have some form of material grounding. For the Weberian, by contrast, since social structures that exist independently of their identification cannot be conceived of, class cannot be said to be grounded in a social structure or relation. Class cannot be treated as anything other than the product of ideas about class: there is nothing beyond agents’ conceptions in which to ground it. Subjective idealists do not, of course, see a problem in this because they accept the primacy of ideas.

Put another way, the social world is exhausted by the conceptions that agents hold. It is, I shall argue, the expression at the level of social theory of an underlying subjective idealist philosophy. Since I shall argue that Hayek II adopts hermeneutic foundationalism as his social theory and subjective idealism as his underlying philosophy, a few comments on subjective idealism at this stage might prevent a possible misunderstanding. Subjective idealism, as I defined it above, means that the structured mind of the transcendental subject structures the (possibly unstructured) object.

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