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Philosophy of markets

The very excellent Lisa Herzog interviewed here. H/T to Eric Schliesser. The cliché is that Smith is a “negative liberty” guy and Hegel a “positive liberty” guy. In fact, both have very nuanced accounts of how different dimensions of freedom are realized in a modern society; the freedom to do what you want with your property…

C + T 2:2

Latest issue Alexander William SalterAustrian EconomicsbankingBehavioral economicsDiablo IIemergent orderHayekJacky MallettmarketsPaul LewisPeter Lewinphilosophy of social sciencesituated cognitionsocial epistemologySolomon SteinSpontaneous order

In defence of spontaneous order: Hayek and libertarianism

The Economist  Abstract  According to Adam Smith, Friedrich Hayek and everyone else who knows what he or she is talking about, well-functioning markets depend, inter alia, upon clear property rights and a judicial system that enforces agreements and resolve disputes. It’s true that Friedrich Hayek, whom Mr Linker shamelessly abuses, is the most prominent 20th-century…