Legitimacy and liberalism in F. A. Hayek's thought: A critique
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Keywords

Friedrich Hayek
legitimidad
liberalismo
mercado
agencia Friedrich Hayek
legitimacy
liberalism
market
agency

How to Cite

Ortúzar Lyon, S. “Legitimacy and Liberalism in F. A. Hayek’s Thought: A Critique”. Universum (Talca. En línea), vol. 37, no. 1, June 2022, pp. 87-108, doi:10.4067/s0718-23762022000100087 .

Abstract

This article explores the role played by the legitimacy of liberal institutions (par excellence, the market economy) in Friedrich Hayek’s thought. Hayek pays significant attention to the issue of the market’s normative justification, but his advocacy for a ‘dogmatic’ defense of individual freedom is unable to account for the concrete experiences of individuals operating within the purview of the market, which are necessary for the generation of legitimacy. This paper then presents a possible solution to this problem found in the work of Jeremy Shearmur, but upon evaluation it is not found an appropriate response. Therefore, at least in these two dimensions of Hayekian thought there are significant limitations concerning the political conditions for the success of the liberal project, the acceptance of which on behalf of individuals is therefore argued to possess a structurally fragile character.

https://doi.org/10.4067/s0718-23762022000100087%20
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