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Frederich Von Hayek and His Critique of

The article presents and analyzes a particular type of social engineering, i.e. the one underpinning ...

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Yearning to be Liked

The author provides concrete examples as well as generalising views on the issue of A...

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Main Principles in the Political Theolog

This study is an attempt to delineate the main political principles of classical and medieval ...

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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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