Abstract
The methodological formation of social spontaneity and cultural evolution has implications for Hayek’s theory of the moral market, justice, the state and society. In the preceding chapter it has been shown that the parallel which Hayek draws between his scientific and his moral argument is epistemologically based. Due to this parallel, the ideas of social spontaneity and cultural evolution are developed as two methodological and moral models. It has been argued that the particular dimension which those models advance morally excludes substantive politics because such politics cannot be explained in terms of the praxeological presuppositions of social spontaneity and cultural evolution. At the same time, this dimension requires substantive politics because only by means of it can social spontaneity and cultural evolution be politically preserved in terms of liberalism. The present chapter examines Hayek’s political theory in the light of this core argument. The examination begins with the moral exclusion of substantive politics and ends with the moral requirement of such politics. The reason for this is epistemological. In Hayek’s theory, the moral requirement of substantive politics can be understood through the moral exclusion of such politics and its theoretical implications.
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Notes
As G. Schwarz (1994, p. 24) observes, ‘For Hayek, the market economy and competition are not something static, because unexpected changes occur again and again and because human thought and action will somehow always have to remain inconsistent’.
Teece and Pisano (1994, p. 545) point out that ‘The concept of dynamic capabilities as a coordinative management process opens the door to the potential for interorganisational learning. … collaborations and patternships can be vehicles for new organisational learning, helping firms to recognise dysfunctional routines, and preventing strategic blind spots.’ In fact, such collaborations can also be vehicles for transforming the market into a realm of oligopolies.
According to Hayek, ‘The expression “several property” used by Sir Henry Maine … is in many respects more appropriate than the more familiar one “private property”’ (Hayek, 1960, p. 450, n. 12).
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© 2012 Theo Papaioannou
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Papaioannou, T. (2012). The Order of Catallaxy, Commutative Justice, the Minimal State and the Great Society. In: Reading Hayek in the 21st Century. Palgrave Macmillan, London. https://doi.org/10.1057/9781137283627_5
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DOI: https://doi.org/10.1057/9781137283627_5
Publisher Name: Palgrave Macmillan, London
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