Original scientific paper

Hayek, Communicational Liberal Argument and its Fate

Dag Strpić ; Faculty of Political Science, University of Zagreb, Zagreb, Croatia

Abstract

The convergent cycles of the prevalence of interventionist or laissez-faire concepts have been alternating in economy, politics and political and economic theory. Hayek's theory of western rationality and liberal and democratic order is based on two communicational arguments: price-earnings ratio enables maximum mobilization of resources and the optimal use of information. The author's opinion is that the current cycle is to bring about the integration of the liberal communicational argument with the new concepts of regulation, and not the universalation of the liberal order.

Keywords

Hrčak ID:

110970

URI

https://hrcak.srce.hr/110970

Publication date:

5.9.1994.

Article data in other languages: croatian

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