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