Post-Hayekian socialism a la Burczak: Observations

Stakeholder socialism, Cooperatives, Libertarian Marxism, B14, P0,

Neoliberalism as a real utopia? Karl Polanyi and the theoretical practice of F. A. Hayek

This article interprets Hayek’s theoretical practice with the help of Polanyi’s framework. Hayek aimed at renewing liberalism after the interwar period, thus helping transforming it into neoliberalism, a real utopia instrumentally concerned with the political and moral economies underpinning markets. The distance between neoliberal theory and practice is less pronounced than it is sometimes assumed. The strength of neoliberalism partially stems from a capacity to articulate an effort to think about real-world mechanisms with an effort to demolish, reconfigure or transform existing structures. Despite his failure to anticipate neoliberalism, Polanyi gives ample intellectual resources to critically interpret the tasks that neoliberals would collectively have to face at the theoretical level, in an epoch of ideological marginality, before their triumphal political deployment at the global level

Boettke, The Austrian School and the Reclamation of Reality in Modern Economics

In a series of recent papers, the prominent Austrian economist Peter Boettke has criticised orthodox economics for its lack of realism. This paper situates Boettke’s critique in the context provided by recent developments in the methodology of economics, most notably critical realism. While there is a good deal of common ground between Boettke’s approach and critical realism, the latter also helps to reveal some of the limitations of the variant of Austrian economics to which Boettke subscribes. Suggestions are made as to how critical realists and Austrians such as Boettke might move forward together in developing a more realistic, relevant and fruitful approach to economic analysis. Copyright Springer Science + Business Media, Inc. 2005Austrian economics, ontology, realism, power,