Friedrich Hayek on Social Justice: Taking Hayek Seriously

Yukihiro Ikeda

History of Economics Review, 2013, vol. 57, issue 1, 32-46

Abstract: Friedrich Hayek denied that the concept of social justice had any practical meaning in a modern society. He claimed that it can be justified only in those societies in which there is a strict order of preference. This was not the case in a capitalist society. Thus, the concept itself is a typical example of what Hayek called the animistic way of thinking. Using Hayek’s The Road to Serfdom (1944), Law, Legislation and Liberty (1973-79) and The Fatal Conceit (1988), I critically investigate his social and political theories with special attention to this concept.

Date: 2013
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DOI: 10.1080/18386318.2013.11681245

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