Reading Hayek in the 21st Century: A Critical Inquiry into His Political Thought

Hardcover | October 30, 2012

byTheo Papaioannou

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This book offers a new radical reading of Hayek in the 21st century. It investigates the moral dimension of his political theory, arguing that it is based on the methodological implications of an epistemologically founded concept of morality. This concept is about the recognition and respect of the natural limits of human knowledge. The moral dimension of Hayek's theory consists of the process of spontaneity and evolution. This process excludes but also requires substantive politics. The moral exclusion of substantive politics undermines freedom and equality in the market, relativising commutative justice and legitimating the minimal state only from the point of view of its legality. Therefore, such politics is also required for preserving and maintaining the market institutions in terms of liberalism. This dualism is due to the fact that, despite Hayek's neo-liberal rhetoric, the process of spontaneity and evolution cannot by itself be safeguarded against coercion, inequality and injustice.

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This book offers a new radical reading of Hayek in the 21st century. It investigates the moral dimension of his political theory, arguing that it is based on the methodological implications of an epistemologically founded concept of morality. This concept is about the recognition and respect of the natural limits of human knowledge. Th...

THEO PAPAIOANNOU is Lecturer in Innovation and Politics of Development, Open University, Milton Keynes, UK.

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Format:HardcoverDimensions:232 pages, 9.36 × 5.7 × 0.8 inPublished:October 30, 2012Publisher:Palgrave MacmillanLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0230301622

ISBN - 13:9780230301627

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Table of Contents

Preface
Introduction
The Context and the Intellectual Background of Hayek's Political Theory
The Epistemological Foundation of Hayek's Anti-Rationalist Concept of Morality 
The Methodological Formation of Hayek's Moral Dimension: the Exclusion and Requirement of Substantive Politics
The Order of Catallaxy, Commutative Justice, the Minimal State and the Great Society
Summary Conclusions
Notes
References
Index