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The Road To Democracy: The Japanese Mira

The paper is an attempt at reconsidering the US role in the modern world following ...

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Freudian Psychoanalysis as a Discredit t

This article examines the margins of Rationality in postmodern times. The article argues that R...

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The Bulgarian Transition: Historical and

This article analyses the reasons behind the difficulties encountered by Bulgaria in endeavouring to reenter ...

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Frederich Von Hayek and His Critique of the Centrally Planned Economy

The article presents and analyzes a particular type of social engineering, i.e. the one underpinning the centralized planning of economy (also referred to as command economy, planned economy, centralized governance of the economic activity etc.), as well as Friedrich von Hayek’s critique of it. The author divides Hayek’s critique of the central planning into three groups: 1) criticism of the very notion of society which planned economy is based on (i.e. sociological critique); 2) criticism of the understanding of the nature of human knowledge guiding centralized economy (epistemological critique), and 3) criticism of the ethic model, imposed by the ideas underlying that type of social engineering (ethical critique). Those three types of criticism are presented as oppositions between key notions in Hayek’s theory and those in collectivist theories.

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