Hayek's Lost Legacy?
Adam Davidson writes in The New York Times HER Prime Time for Paul Ryan’s Guru (the One Who’s
Not Ayn Rand)
The following caught my eye on Hayek and the Republican Candidates for
the US Presidency and Vice Presidency which strike a chord. However, I comment on Hayek’s ideas. Please note that I will not breach my
Cromwellian “Self-Denying Ordinance” not to comment on any country’s politics
except of the country I vote in (i.e., Scotland):
“In actuality, Ryan is
like a lot of politicians who merely cherry-pick Hayek to promote neoclassical
policies, says Peter Boettke, an economist at George Mason University and
editor of The Review of Austrian Economics. “What Hayek has become, to a lot of
people, is an iconic figure representing something that he didn’t believe at
all,” Boettke says. For example, despite his complete lack of faith in the
ability of politicians to affect the economy, Hayek, who is frequently cited in
attacks on entitlement programs, believed that the state should provide a base
income to all poor citizens.
To be truly
Hayekian, Boettke says, Ryan would need to embrace one of his central ideas,
known as the “generality norm.” This is Hayek’s belief that any government
program that helps one group must be available to all. If applied, Boettke
says, a Hayekian government would eliminate all corporate and agricultural
subsidies and government housing programs, and it would get rid of Medicare and
Medicaid or expand them to cover all citizens. (Hayek had no problem with a
national health care program.) Hayek also believed that the government should
not have a monopoly on any service it provides; instead, private companies
should compete by offering an alternative Postal Service, road system, even,
perhaps, a private fire department.
…Bruce
Caldwell, the author of the intellectual biography “Hayek’s Challenge,” said he
hoped that we were experiencing, partly through Ryan’s ascendancy, the first
stage of a slow but steady embrace of Hayek’s philosophy. …
Caldwell
corrects people when they refer to Hayek as a conservative. Hayek didn’t want
to conserve anything. And while that’s exactly what the most radical may want,
it’s probably not the easiest policy to build a party around.”
Comment
Reading the excellent Peter
Boettke, the sentence: “What Hayek has become, to a lot of people, is an iconic
figure representing something that he didn’t believe at all” struck me as similar to Adam Smith’s
fate with regard to most things he actually believed and wrote about, in which
modern representations of him are wildly at variance to his actual views. That such a fate seems to have
caught Hayek, as well, a much more recent figure in the 20th century
than Adam Smith.
If Hayek is
to become a 21st icon of US politics, for and against, we are about to be treated to
wildly variant views of his works. I have a collection of volumes of Hayek’s
writings in my French library from Routledge. On my next visit in a couple of months, all being well
on the health front, I shall bring them back to Edinburgh for comparison with
what both Left and Right (and the SM -sensible middle) say about Hayek on this and
that.
Bruce
Caldwell’s comment on Hayek’s so-called conservatism looks a prime candidate for the usual distortions. I remember reading in the 1970s an essay in the Hayek
Collection entitled: “Why I am not a conservative”. Might be worth looking up again.
PS. I have little time for the odious ideas on selfishness of Ayn Rand, whom I read in my mid-20s.
2 Comments:
I believe Boettke and Caldwell's comments on Hayek are accurate.
To start you can get Hayek's whole essay "Why I am not a conservative" at
http://www.press.uchicago.edu/books/excerpt/2011/hayek_constitution.html
I believe the comments by Boettke and Caldwell are accurate.
To start you can get Hayek's essay "Why I am not a conservative" at
http://www.press.uchicago.edu/books/excerpt/2011/hayek_constitution.html
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