Psychology, social evolution and liberalism: a Hayekian trinity
The work of Friedrich Hayek describes an extensive political economy, with explicit consideration of the psychological limits to human understanding, the market as a mechanism of information gathering and social coordination, and the relationship between market processes and the free society, where moral and political issues are relevant within a framework of continuous adaptation. Although the survival characteristics of social institutions largely defy rational enquiry, political liberalism secures the diversity that is necessary for evolutionary social adaptation.
Year of publication: |
2005
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Authors: | Steele, G. R. |
Published in: |
Review of Political Economy. - Taylor & Francis Journals, ISSN 0953-8259. - Vol. 17.2005, 4, p. 571-586
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Publisher: |
Taylor & Francis Journals |
Saved in:
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