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Hayekian Political Economy and the Limits of Deliberative Democracy

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  • Mark Pennington

Abstract

Inspired by Habermasian critiques of liberalism, supporters of deliberative democracy seek an extension of social democratic institutions to further a reinvigorated communicative rationality against the ‘atomism’ of market processes. This paper offers a critique of deliberative democratic theory from a Hayekian perspective. For Hayek, the case against the social democratic state rests with the superior capacity of markets to extend communicative rationality beyond the realm of verbal discourse.

Suggested Citation

  • Mark Pennington, 2003. "Hayekian Political Economy and the Limits of Deliberative Democracy," Political Studies, Political Studies Association, vol. 51(4), pages 722-739, December.
    • Handle: RePEc:bla:polstu:v:51:y:2003:i:4:p:722-739
    DOI: 10.1111/j.0032-3217.2003.00455.x
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    Cited by:

    1. Klein, Daniel, 2004. "The People’s Romance: Why People Love Government (as much as they do)," Ratio Working Papers 31, The Ratio Institute, revised 11 May 2005.
    2. Graham Dawson, 2015. "Interpreting Voluntary Exchange: Markets, Speech Acts And Communicative Action," Economic Affairs, Wiley Blackwell, vol. 35(2), pages 240-255, June.
    3. Jonathan Benson, 2019. "Deliberative democracy and the problem of tacit knowledge," Politics, Philosophy & Economics, , vol. 18(1), pages 76-97, February.
    4. Nick Cowen & Eric Schliesser, 2024. "Novel externalities," Public Choice, Springer, vol. 201(3), pages 557-578, December.
    5. Graham Dawson, 2021. "Defending liberal individualism against communitarian critiques," Economic Affairs, Wiley Blackwell, vol. 41(3), pages 476-488, October.
    6. Wohlgemuth, Michael, 2004. "The Communicative Character of Capitalistic Competition: A Hayekian response to the Habermasian challenge," Freiburg Discussion Papers on Constitutional Economics 04/1, Walter Eucken Institut e.V..

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