1st Edition

Hayek’s Market Republicanism The Limits of Liberty

By Sean Irving Copyright 2020
    180 Pages
    by Routledge

    180 Pages
    by Routledge

    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.

    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       

    Chapter Two: The Socialist Calculation Debates     
     From Economics to Political Economy     
     Planning vs Freedom        
     The Limits of Hayekian Epistemic Economics    

    Chapter Three: Liberalism: True and False      
     The British/Continental Binary      
     Mill and Rationalism        
     Questions of History        

    Chapter Four: Hayek’s Market Republicanism     
     Hayek and The Republican Tradition      
     Hayek and Non-Domination       
     The Limits of Hayekian Liberty      

    Chapter Five: The Danger of ‘Unlimited’ Democracy    
     Unlimited Democracy and the Total State     
     A Self-Limiting Democracy       
     Arbitrary Power and Governability      

    Chapter Six:  Inflation and Social Justice      
     Full Employment and the New Morality     
     The Politics of Deflation       
     Social Justice and Market Republicanism     

    Chapter Seven: A Market Republican Constitution     
     Origins of the Model Constitution      
     The Model Constitution       
     A Constitution of Oligarchy       

    Chapter Eight: Market Republican Money      
     The Denationalisation of Money      
     Reception and Viability of the Scheme     

    Chapter Nine: Liberal Authoritarianism and Market Republicanism   
     Isonomia, Demokratia and Demarchy     
     Endorsing Dictatorship        
     Dictatorship and the Oligarchic Market Republic    



    Sean Irving has a PhD in history from the University of Manchester, UK.