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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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    References listed on IDEAS

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    1. Choi, Young Back, 1999. "On the Rich Getting Richer and the Poor Getting Poorer," Kyklos, Wiley Blackwell, vol. 52(2), pages 239-258.
    2. Peter J. Boettke (ed.), 1994. "The Elgar Companion to Austrian Economics," Books, Edward Elgar Publishing, number 53.
    3. Graham Smith & Corinne Wales, 2000. "Citizens' Juries and Deliberative Democracy," Political Studies, Political Studies Association, vol. 48(1), pages 51-65, March.
    4. Buchanan, James M. & Vanberg, Viktor J., 1991. "The Market as a Creative Process," Economics and Philosophy, Cambridge University Press, vol. 7(2), pages 167-186, October.
    5. Young Back Choi, 1999. "On the Rich Getting Richer and the Poor Getting Poorer," Kyklos, Wiley Blackwell, vol. 52(2), pages 239-258, May.
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    Cited by:

    1. 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..
    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. Graham Dawson, 2021. "Defending liberal individualism against communitarian critiques," Economic Affairs, Wiley Blackwell, vol. 41(3), pages 476-488, October.
    4. Jonathan Benson, 2019. "Deliberative democracy and the problem of tacit knowledge," Politics, Philosophy & Economics, , vol. 18(1), pages 76-97, February.
    5. 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.

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