Hayek’s Market Republicanism : The Limits of Liberty book cover
1st Edition

Hayek’s Market Republicanism
The Limits of Liberty

ISBN 9781032083421
Published June 30, 2021 by Routledge
180 Pages

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Book Description

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.

Table of Contents

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    


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