Hayek’s Market Republicanism: The Limits of Liberty, 1st Edition (Hardback) book cover

Hayek’s Market Republicanism

The Limits of Liberty, 1st Edition

By Sean Irving

Routledge

208 pages

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Hardback: 9781138390973
pub: 2019-12-20
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Description

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.

Friedrich Hayek was the 20th century’s most significant free market theorist and over the course of his long career he maintained a sustained critique of the danger that state power poses to individual liberty. In rejecting much of the liberal tradition’s concern for social justice and democratic participation, Hayek would help clear away many of the moral and intellectual obstacles to the emergence of neoliberalism in the last quarter of the 20th century.

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

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.

About the Series

Routledge Frontiers of Political Economy

In recent years, there has been widespread criticism of mainstream economics. This has taken many forms, from methodological critiques of its excessive formalism, to concern about its failure to connect with many of the most pressing social issues. This series provides a forum for research which is developing alternative forms of economic analysis. Reclaiming the traditional 'political economy' title, it refrains from emphasising any single school of thought, but instead attempts to foster greater diversity within economics.

Learn more…

Subject Categories

BISAC Subject Codes/Headings:
BUS023000
BUSINESS & ECONOMICS / Economic History
BUS069000
BUSINESS & ECONOMICS / Economics / General
BUS069030
BUSINESS & ECONOMICS / Economics / Theory
PHI019000
PHILOSOPHY / Political
POL010000
POLITICAL SCIENCE / History & Theory
POL023000
POLITICAL SCIENCE / Economic Conditions