A Critique on the Social Justice Perspectives in the Works of Friedrich A. Hayek
A Critique on the Social Justice Perspectives in the Works of Friedrich A. Hayek

Author(s): Anusha Mahendran
Subject(s): Social Sciences
Published by: Scientia Moralitas Research Institute
Keywords: social justice; economics; Friedrich Hayek
Summary/Abstract: Given that the academic work of Friedrich Hayek has received eminent accolades (including the 1974 Nobel Memorial Prize in Economics Sciences) and has been well recognized and widely referenced, this paper reviews the denial of the concept of social justice in many of the academic economic theory papers written by the renowned British-Austrian economist. The paper therefore effectively provides a critical analysis of some of Hayek’s socio-political and economic theories relating to this issue. It attempts to do this by adopting the perspective of an objective and analytical economist with reference to and by examining the content of three of Hayek’s well known economic texts, namely The Road to Serfdom (1944); Law, Legislation and Liberty (1973-79) and the Fatal Conceit Conceit: The Errors of Socialism (1988).

• Details
• Contents