2015/10/15 by Francis Clavé · 2 citations
Economics, Econometrics and Finance · Social Sciences · Arts and Humanities · #Economic Theory and Institutions #Political Economy and Marxism #Philosophy and History of Science
paper · doi:10.1080/09672567.2015.1093522
openalex publication_date 2015/10/15 · openalex created_date 2016/06/24 · openalex updated_date 2026/07/29
Walter Lippmann and Friedrich Hayek were both involved in the reconstruction of liberalism, or the emergence of neo-liberalism. This article will show that although the two authors treated similar themes, i.e. information and knowledge, economy, law, and politics, they addressed them in a radically different way. Hayek's approach was more individualistic, more related to the economy, to the concept of spontaneous order and to the limitation of politics by the law. In contrast, Lippmann related information and knowledge to expertise, centred law around the interactions between individuals and connected harmony more to the politicians' actions.