Friedrich Hayek’s ideas, once inalienably associated with the particular brand of new-right trickle-down economics espoused by Thatcher and Reagan, have for some time been building up a degree of broader appeal. After all, Hayek’s analysis and reasoning are highly persuasive, even if one’s ideological or normative conclusions tend in other directions. Simon Griffiths’ recent post on the LSE’s Politics and Policy Blog summarises some of the elements of Hayekian thought that might be put to use by the political left. But to what extent can Hayek’s analysis be divorced from his conclusions? Can the left really learn from Hayek’s thought without being persuaded by it?
Griffiths writes that three key Hayekian ideas might be engaged-with by the left: knowledge distribution, spontaneous orders and the significance of individual liberty. While all of these overlap in significant ways, the first two – Hayek’s epistemology and theory of catallaxy – are…
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