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Markets and Metis

Reading Hayek with Scott

Bibliographic Data

ID6251935
AuthorsRobert Reamer (0000-0003-3371-2429, corresponding author)
Year2024
Volume36
Issue1-2
Pages162-182
Publication date2024-04-02
Open AccessYes
TypeARTICLE
VenueCritical Review (JOURNAL)
Journal identifiersISSN: 0891-3811 • E-ISSN: 1933-8007
PublisherInforma UK Limited (PUBLISHER • GB)
DOI10.1080/08913811.2024.2354648
OpenAlexW4399433482
LanguageEN
References cited13

Both James C. Scott and Friedrich Hayek articulate critiques of centralised state planning that are fundamentally epistemological in character. In particular, both emphasize the loss of knowledge resulting from attempts to achieve synoptic legibility of complex social practices. Yet while Hayek's critique of central planning leads to an emphasis on the indispensability of the price system, Scott argues that capitalist markets are also mechanisms of perverse simplification. This paper explores the roots of this disagreement and seeks to articulate the insights that emerge from reading Hayek and Scott together on questions of markets, knowledge, and the state

Economics · Law and economics · Linguistics · Metis · Positive economics · Reading (process · Sociology · World Wide Web · Computer Science · Economic Theory and Institutions · Philosophy · Political Economy and Marxism

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Highly citedNo

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