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Full-Text Articles in Social and Behavioral Sciences
F. A. Hayek On Constructivism And Ethics, Arthur M. Diamond Jr.
F. A. Hayek On Constructivism And Ethics, Arthur M. Diamond Jr.
Economics Faculty Publications
Long before receiving his Nobel Prize, Friedrich von Hayek was well respected in the academic community. John Maynard Keynes had glowing praise for Hayek's 1944 The Road to Serfdom. Milton Friedman and Paul Samuelson, antagonists on many issues, agree that Hayek's 1945 "The Use of Knowledge in Society" was a major contribution to political-economic thought. These early works by Hayek led a writer for the Nation to express what must have been the view of a great many, that "because [Hayek] is among the most thoughtful and consistent supporters of a market economy. . . those who disagree with him …
Spencer's Tragedy, Arthur M. Diamond Jr.
Spencer's Tragedy, Arthur M. Diamond Jr.
Economics Faculty Publications
At Dinner with Huxley, Spencer mentioned that he had once written a tragedy. Huxley immediately replied that he knew what the plot must be: a beautiful theory gets murdered by a nasty fact. Spencer himself delighted in retelling Huxley’s barb, displaying thereby both his good humor and self-awareness. What he was probably not aware of was that he actually did write a tragedy with Huxley’s plot. In The Principles of Ethics the beautiful theory is that an individual’s conduct is to be judged by how well it furthers the individual’s survival. The nasty fact is that much conduct that furthers …