Re: [PEN-L:8997] speaking of market socialism (Hayek)

[Peter Dorman]

There is nothing unreasonable about taking a close look at Hayek.  His
theory of information in an economy (tacit  local, the role of
discovery) is excellent, although it is weighed down with considerable
baggage.  I wouldn't go so far as to say there is a "left Hayekian"
position, but it is possible to combine some of his insights with others
of a more progressive lineage.  We've been through this before, but I
recommend Hilary Wainwright's ARGUMENTS FOR A NEW LEFT, which works in
this vein.

Peter Dorman

[PEN-L:8997] speaking of market socialism

[Michael Perelman]

I just got Gamble's Hayek: The Iron Cage of Liberty.  It is a paen to
Hayek.  He concludes by saying to forget H's neanderthal politics.  Why
even socialists can learn from him how to perfect socialist society!

How far we have come!

Maybe we could redo the old sci-fi classic: invasion of the brain
snatchers.  Rhymes with thatchers.
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 916-898-5321
E-Mail [EMAIL PROTECTED]