scholarly journals Hayek’s vicarious secularization of providential theology

2018 ◽  
Vol 45 (1) ◽  
pp. 71-95 ◽  
Author(s):  
Tim Christiaens
Keyword(s):  
Free Market ◽  
Human Action ◽  
Giorgio Agamben ◽  
Free Markets ◽  
The Road ◽  
Free Market Capitalism ◽  
History Of ◽  
Semantic History ◽  
On The Road ◽  
Market Capitalism

Friedrich Hayek’s defense of neoliberal free market capitalism hinges on the distinction between economies and catallaxies. The former are orders instituted via planning, whereas the latter are spontaneous competitive orders resulting from human action without human design. I argue that this distinction is based on an incomplete semantic history of “economy.” By looking at the meaning of “ oikonomia” in medieval providential theology as explained by Giorgio Agamben and Joseph Vogl, I argue how Hayek’s science of catallactics is itself a secularization of providential theology. This exposes Hayek to three criticisms: (1) he unjustifiably neglects the possibility of tendencies toward spontaneous disorder in free markets, (2) he condemns the “losers” of neoliberal competition to being providential waste on the road to general prosperity, and (3) he imposes on people the duty to consent to a neoliberal order that hinders them from cultivating their inoperativity.

scholarly journals When Polanyi met Farage: Market fundamentalism, economic nationalism, and Britain’s exit from the European Union

2017 ◽  
Vol 19 (3) ◽  
pp. 465-478 ◽  
Author(s):  
Jonathan Hopkin
Keyword(s):  
Cultural Change ◽  
Free Market ◽  
Political Elites ◽  
The European Union ◽  
Free Markets ◽  
Economic Distress ◽  
Economic Stagnation ◽  
Free Market Capitalism ◽  
Market Capitalism ◽  
Western Democracies

The vote for Brexit is not an isolated event, but part of a wave of populist, anti-elite revolts: a new ‘anti-system’ politics Western democracies are experiencing, shaking the existing consensus around economic integration, free markets and liberal values. This wave takes a variety of forms, but has in common a robust, even violent, rejection of the mainstream political elites and their values, and a demand for governments to act on the sources of social and economic distress and inequality. This article views Brexit as a part of this new anti-system politics, a reaction to the decline in ideological competition in democracies and the increasing impotence of politicians to address the upheavals wrought by global free market capitalism. This reaction has become particularly acute after the financial crisis of the late 2000s, which affected Britain disproportionately, and the failure of austerity policies to revive growth, crystallising the ineffectiveness of existing policies to deal with economic stagnation and cultural change. This policy failure is compounded by a perceived refusal of politicians to engage with the broader public and a lack of real choice between the mainstream political parties. The article will present evidence that a failed policy consensus, a rise in inequality and a decline in the representativeness of political elites, rather than a resurgence of intolerance or xenophobia, are the principal causes of the Brexit vote.

The Financial Press and the Investing Public

2021 ◽  
pp. 97-126
Author(s):  
Kieran Heinemann
Keyword(s):  
Free Market ◽  
Business Professionals ◽  
Daily Mail ◽  
Economic Liberalism ◽  
Free Market Capitalism ◽  
History Of ◽  
Investment Advice ◽  
Private Investors ◽  
Market Capitalism ◽  
Financial Press

For centuries, Britain has had a financial media landscape unrivalled in Europe with newspapers like the Financial Times or The Economist traditionally keeping business professionals up to date about market developments. But by the early twentieth century, punters could get the latest prices and market-moving stories from tabloids like the Daily Express and the Daily Mail. By 1960, even the working-class Daily Mirror had a designated City page—right next to the racing coverage—and gave investment advice to people of modest means. This chapter takes a fresh look at the financial press as the main source of information for private investors of different social backgrounds. When seeking to explain why economic liberalism became fashionable again in Britain during the 1970s, we must consider that for more than two decades, millions of newspaper readers had been increasingly exposed to the asserted benefits of free-market capitalism and were actively encouraged to take part in the market. Recent studies on the history of neoliberalism state that financial journalism became an important amplifier for the Thatcherite language of profits in the 1980s. This chapter argues that this misses the point and shows instead how Britain’s financial press was not an echo chamber of Westminster politics—it set the tone of the wider share ownership agenda. The newspaper columns of the Financial Times and the Daily Telegraph or the market populism of The Express, The Mail, and The Mirror played a crucial part in shifting British public opinion in favour of free-market capitalism.

Free market capitalism and societal inequities: assessing the effects of economic freedom on income inequality and the equity of access to opportunity, 1990–2017

2021 ◽  
pp. 019251212110399
Author(s):  
Indra de Soysa ◽  
Krishna Chaitanya Vadlamannati
Keyword(s):  
Income Inequality ◽  
Economic Freedom ◽  
Free Market ◽  
High Growth ◽  
Free Markets ◽  
Free Market Capitalism ◽  
Growth Promoting ◽  
The Rich ◽  
Equity Of Access ◽  
Market Capitalism

Some blame free-market capitalism for increasing income inequality, arguing that richer classes could block access to others for maintaining their privileges. By manipulating the degree of political rights and resources available to others, the rich could reduce opportunities for others. Others argue that growth-promoting free markets raise all incomes, increasing aggregate welfare. We argue that governments more dependent on free markets are likely to focus on increasing access to human capital, thereby narrowing the gap between the rich and poor by increasing opportunities, even if income inequality rises with high growth. We assess the issue by examining the effects of an Index of Economic Freedom on income inequality measured by the standardized GINI and measures of the equity of access to quality schooling, health, and justice covering 128 developing countries during the 1990–2017 period. Our results show that, even if economic freedom is associated with higher income inequality, it also associates robustly with access to opportunity. Our results are robust to alternative models, sample size, and testing methods, including instrumental variables analyzes addressing potential endogeneity bias. Our results, taken together, do not suggest that growth-promoting economic freedoms hamper future progress by raising inequalities—on the contrary, economic freedoms promote equity of access to opportunities—findings inconsistent with the view that governments under free-market conditions are easily captured by the wealthy, who then block equitable access to public goods.

The Legacy of Iraq

2015 ◽  
Keyword(s):  
Middle East ◽  
Liberal Democracy ◽  
Iraq War ◽  
Free Market ◽  
Political Elite ◽  
Islamic State ◽  
Sequence Of Events ◽  
The World ◽  
Free Market Capitalism ◽  
Market Capitalism

This book critically reflects on the failure of the 2003 intervention to turn Iraq into a liberal democracy, underpinned by free-market capitalism, its citizens free to live in peace and prosperity. The book argues that mistakes made by the coalition and the Iraqi political elite set a sequence of events in motion that have had devastating consequences for Iraq, the Middle East and for the rest of the world. Today, as the nation faces perhaps its greatest challenge in the wake of the devastating advance of the Islamic State of Iraq and Syria (ISIS) and another US-led coalition undertakes renewed military action in Iraq, understanding the complex and difficult legacies of the 2003 war could not be more urgent. Ignoring the legacies of the Iraq War and denying their connection to contemporary events could mean that vital lessons are ignored and the same mistakes made again.

On the Road to Vienna

2017 ◽  
Author(s):  
Kai Bruns
Keyword(s):  
Cold War ◽  
International Law ◽  
The Road ◽  
Progressive Development ◽  
History Of ◽  
On The Road ◽  
The Cold War ◽  
International Law Commission ◽  
Law Commission

This chapter focuses on the negotiations that preceded the 1961 Vienna Conference (which led to the conclusion of the VCDR). The author challenges the view that the successful codification was an obvious step and refers in this regard to a history of intense negotiation which spanned fifteen years. With particular reference to the International Law Commission (ILC), the chapter explores the difficult task faced by ILC members to strike a balance between the codification of existing practice and progressive development of diplomatic law. It reaches the finding that the ILC negotiations were crucial for the success of the Conference, but notes also that certain States supported a less-binding form of codification. The chapter also underlines the fact that many issues that had caused friction between the Cold War parties were settled during the preparatory meetings and remained largely untouched during the 1961 negotiations.

Social Progress in Britain

2018 ◽  
Author(s):  
Anthony F. Heath ◽  
Elizabeth Garratt ◽  
Ridhi Kashyap ◽  
Yaojun Li ◽  
Lindsay Richards
Keyword(s):  
Free Market ◽  
Youth Unemployment ◽  
Social Progress ◽  
The Road ◽  
Social Divisions ◽  
Policy Interventions ◽  
The Usa ◽  
On The Road ◽  
Free Market Reforms ◽  
Made In

Social Progress in Britain examines how much progress has made in the years since Sir William Beveridge described the ‘five giants on the road to reconstruction’—the giants of Want, Disease, Ignorance, Squalor, and Idleness. The book has chapters examining the progress which Britain has made in improving material prosperity and tackling poverty; in extending length of life and tackling disease; in raising participation in education and improving educational standards; in tackling the scourge of unemployment, especially youth unemployment; and in providing better-quality housing and tackling overcrowding. In addition to Beveridge’s five giants, the book also explores inequalities of opportunity (focussing on inequalities between social classes, men and women, and ethnic groups), and the changing nature of social divisions and social cohesion in Britain. Throughout, the chapters put British progress into perspective by drawing comparisons with progress made in other large developed democracies such as Canada, France, Germany, Italy, Japan, Sweden, and the USA. As well as looking at the average level of prosperity, life expectancy, education, and housing, the book examines the extent of inequality around the average and pays particular attention to whether the most disadvantaged sections of society have shared in progress or have fallen behind. It concludes with an assessment of the effect of policy interventions such as Margaret Thatcher’s free market reforms of the 1980s on different aspects of social progress.

scholarly journals On the Tumulus of Choban Tepeh in the Troad

1897 ◽  
Vol 17 ◽  
pp. 319-320 ◽  
Author(s):  
Frank Calvert
Keyword(s):  
The Other ◽  
The Road ◽  
Ancient City ◽  
History Of ◽  
The Subject ◽  
On The Road ◽  
The Hill

I derive the materials of the present paper from some memoranda which I find amongst my archaeological notes and which relate to certain explorations to which I was not a party, made so long ago as 1887. I have thought that the particulars then obtained may be deemed sufficiently interesting to deserve a record in the history of Trojan archaeological discovery.The subject is one of the four small tumuli dotted about and near the hill of Balli-Dagh, the crest of which according to the now exploded theory of Le Chevalier (1785) was supposed to represent the Pergamos of Troy. In a memoir contributed to the Journal of the Archaeological Institute of 1864, I proved that the site in question was no other than that of the ancient city of Gergis. In the same paper I gave an account of the results of the excavation of one of the group of three tumuli on Balli-Dagh, the so-named Tomb of Priam. The other two, namely Le Chevalier's Tomb of Hector, and an unnamed hillock, were excavated respectively by Sir John Lubbock (about 1878) and Dr. Schliemann (1882) without result. The present relates to the fourth mound on the road between the villages of Bournarbashi and Arablar (as shown in the published maps), which goes by the name of Choban Tepeh (Shepherd's hillock) and the Tomb of Paris, according to Rancklin (1799).

The Beats

2021 ◽  
Keyword(s):  
Critical Race Theory ◽  
Reception Theory ◽  
Amiri Baraka ◽  
The Road ◽  
Small Press ◽  
Creative Non Fiction ◽  
History Of ◽  
On The Road ◽  
The 1960S ◽  
Beat Literature

This volume is the first-ever collection devoted to teaching Beat literature in high school to graduate-level classes. Essays address teaching topics such as the history of the censorship of Beat writing, Beat spirituality, the small press revolution, Beat composition techniques and ELL, Beat multiculturalism/globalism and its legacies, techno-poetics, the road tale, Beat drug use, the Italian-American Beat heritage, Beats and the visual arts of the 1960s, the Beat and Black Mountain confluence, Beat comedy, Beat performance poetry, Beat creative non-fiction, West coast-East/coast Beat communities, and Beat representations of race, gender, class, and ethnicity. Individual essays focus on Gary Snyder’s ecopoetics, William S. Burroughs’s post- and transhumanism, Jack Kerouac’s On the Road (teaching it in the U.S. and abroad) and his Quebecois novels, Allen Ginsberg, Diane di Prima, ruth weiss, Joyce Johnson, Joanne Kyger, Bob Kaufman, and Anne Waldman. Many additional Beat-associated writers, such as Amiri Baraka Gregory Corso, are featured in the other essays. The collection opens with a comprehensive essay by Nancy M. Grace on a history of Beat literature, its reception in and out of academia, and contemporary approaches to teaching Beat literature in multidisciplinary contexts. Many of the essays highlight online resources and other materials proven useful in the classroom. Critical methods range from feminism/gender theory, to critical race theory, formalism, historiography, religious studies, and transnational theory to reception theory. The volume concludes with selected scholarly resources, both primary and secondary, including films, music, and other art forms; and a set of Beat-related classroom assignments recommended by active Beat scholars and teachers.

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