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Is social justice for or against liberty?: the philosophical foundations of Mill and Hayek’s theory of liberty

Su, Huei Chun (2009) Is social justice for or against liberty?: the philosophical foundations of Mill and Hayek’s theory of liberty. The Review of Austrian Economics, 22 (4). pp. 387-414. ISSN 0889-3047

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Abstract

By comparing the philosophical foundations of Mill and Hayek’s theory of liberty, this paper shows that some similarities in the economic theories of Mill and Hayek are actually based on different rationales. It follows that any attempt to find a common thread in Mill and Hayek to provide reasonable guidance for social policy can be promising only if we can find the common ground from their social philosophy. While analyzing the rationales behind their opinions regarding the role of government and taxation policies, this paper will focus on exploring the role of two philosophical ideas, liberty, and justice. This will clarify the relationship between social justice and liberty as well as their status in relation to the ultimate principle of rules in the philosophy of Mill and Hayek. This paper will offer an explanation why, in Mill’s utilitarian philosophy, the pursuit of social justice aligns with the real freedom of everyone, but in Hayek’s philosophy, it is a hindrance.

Item Type: Article
Official URL: http://www.springer.com/economics/public+finance/j...
Additional Information: © 2009 Springer
Library of Congress subject classification: B Philosophy. Psychology. Religion > B Philosophy (General)
H Social Sciences > HB Economic Theory
Journal of Economic Literature Classification System: B - Schools of Economic Thought and Methodology > B1 - History of Economic Thought through 1925 > B12 - Classical
B - Schools of Economic Thought and Methodology > B2 - History of Economic Thought since 1925 > B25 - Historical; Institutional; Evolutionary; Austrian
K - Law and Economics > K0 - General
P - Economic Systems > P1 - Capitalist Systems > P16 - Political Economy
Sets: Collections > Economists Online
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 10 Feb 2011 16:28
URL: http://eprints.lse.ac.uk/32465/

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