Let’s agree not to agree: F. A. Hayek’s ‘calculus of consent’

Régis Servant ()
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Régis Servant: PHARE - Philosophie, Histoire et Analyse des Représentations Économiques - UP1 - Université Paris 1 Panthéon-Sorbonne

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Abstract: Our paper aims to show that one of Hayek's arguments in support of free-market capitalism - and against centralized planning, a regime of distributive justice and a bargaining democracy - rests on the contractarian criterion of voluntary agreement or voluntary consent. According to Hayek, people can reach consensual agreement on the desirability of a regime, free-market capitalism, whose operation necessarily produces nonconsensual results.

Keywords: Hayek; Contractarianism; Agreement; Consent; Rules; Constitution; Buchanan and Tullock (search for similar items in EconPapers)
Date: 2017-01-01
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Published in Cambridge Journal of Economics, 2017, 41 (1), pp.259-281. ⟨10.1093/cje/bew018⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03695942

DOI: 10.1093/cje/bew018

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