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Liberal Fatalism: A Critical Assessment of Hayek’s Neoliberalism and His Critique of Constructivist Rationalism

  • 인문논총
  • 2014, 33(), pp.237-257
  • Publisher : Institute for Human studies, Kyungnam University
  • Research Area : Humanities > Other Humanities
  • Published : February 28, 2014

Joo-Hyoung Ji 1

1경남대학교

Accredited

ABSTRACT

The purpose of this article is to debunk neoliberal imaginaries, particularly by critically assessing theeconomic thought of Friedrich A. Hayek, the most prominent figure of neoliberalism. For this purpose, thisarticle will first review Hayek’s neoliberal economic thought and his critique of central planning as a “fatalconceit.” Then it will counter-critique Hayek’s critique of constructive rationalism by arguing that his conceptionof knowledge, which is the basis of his critique, is too narrow and undersocialized. Since knowledge isintrinsically social and intersubjective, networking, local planning, government intervention, and rational adjustmentfor evolutionary process is not only possible but also necessary. Thus it will argue that Hayek’s liberalthought falls into another fatal conceit, that is, a kind of liberal fatalism that human rationalities can do littlebut follow the logic of market.

Citation status

* References for papers published after 2022 are currently being built.

This paper was written with support from the National Research Foundation of Korea.