We Need Another Hayek

hayekMuch has been said in recent months here at PoliGazette about the lack of intellectual depth among America’s conservatives. Sure, there are a great many conservative thinkers, but they stand in the shadow of populists like Glenn Beck, Rush Limbaugh and Ann Coulter. Especially our very own Jason has argued time and again that conservatives have to fight liberalism with arguments rather than one-liners that sound good to the conservative base, but that do nothing to convince swing voters to vote Republican.

Because of the direction most European countries and of the United States have taken this year, I decided to re-read F.A. Hayek’s “Road to Serfdom.” I had read it a couple of times already, but it is never wasteful to re-read perhaps the best book on the relationship between a free economy (read: market) and a free people ever written.

So, I started reading and was once again impressed by Hayek’s criticism of socialism and the basic philosophy of mid-20th century social democrats. He truly destroyed both. Not by throwing some wonderful one-liners at them, but by challenging their ideas and their basic premises.

After a page of sixty, I realized that although Hayek’s arguments can still be used today, the book is a bit outdated. Not because Hayek’s defense of classical liberalism is not sound – it is – but because the ‘do-gooders’ who believe that a bigger government is in the interest of the people at large have changed their plans, policies and ideas. Not fundamentally, perhaps, but today’s Social Democrats are not as ‘far to the left’ as those of 40 or 50 years ago.

When Hayek’s book was first published it had a tremendous impact. It did not only influence conservatives, classical liberals and libertarians, but it also shaped the opinions of millions of voters and intellectuals-to-be who had not made their mind up about which ideologies work and which do not. Socialists and social democrats realized this, and changed their tune.

They changed, but the international free-market movement and the arguments it uses did not.

The reason for the above is, I believe, that those who support the free market relied for too long a time on people like Hayek to do their thinking for them. This is a major problem because, as Hayek himself explained, intelligent individuals  – salesmen of ideas – influence society. Journalists, bloggers, professors, writers,  etc. are the ones who determine what direction a country takes.

‘Liberals’ (or progressives, socialists and social democrats) realized the above, and used it to their advantage. They control almost every profession where ‘thinkers’ and ‘idea-producers’ work. These individuals have changed the left’s arguments and tools (not so much their goals, which continue to be equality in outcome), which resulted in grand electoral successes.

What we – the right – need are not more Limbaughs or more Coulters. No, we need more but modern Hayeks. Let’s stop attacking intelligence, intellectual rigor and science. Let’s use it to our advantage.

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  1. Bob
    April 27th, 2009 at 12:16
    Reply | Quote | #1

    Agreed fully. Liberals and Conservatives need to stop being so close-minded.

    Liberals have their faults and so do conservatives.

    (note: not all)
    Conservatives faults? Religion, anti-Science, anti-gay, anti-abortion, big-gov-spending-while-professing-small-gov
    Liberal faults? Overemphasizing global warming as a panic, legalization of certain drugs, pro-socialism, pro-welfare, big government, anti-guns, anti-waterboarding, pro-illegal-immigration

    To choose the lesser of the two evils, I’m going with conservatives.

  2. Jay_C
    April 29th, 2009 at 15:07
    Reply | Quote | #2

    Here Here…
    I’d flip it and say, we don’t need another Keynes right now… Where the main criticism of Austrian Economics is its lack of a hard core scientific method, it’s strength is in it’s logic and the thought process (the psychology of Markets, the warm fuzzy effect).
    What got us into this mess with debt-backed securities was all Keynsian “Scientific Method” that nobody “normal” really understood.. These were all complex mathmatical equations that said these complex derivitives classes would have the same stability as Thomas Andrews said of the Titanic would have, and we all know the story there.
    Look, I am not saying that Scientific Method is bunk, on the contrary, it is necessary, but at this point people are sceptical of the “trust me” Economist and politician, it is now about “show me”. Science is more necessary now than ever, but it needs to be somewhat understandable to normal folks. I think the psychology of society, and how people think is increasingly important now. Going forward, I think that when Americans can more or less understand the math and logic of the Economics we use in the future, My guess is that if there is more complex science than logic in or economics, and at the same time Americans don’t get a warm fuzzy, you can bet on failure. Maybe this is limiting, but it is what we need right now. However, a style of Econmics should not be what rules the market, if others want to take chances on Complexity, they have that option, and may get rich in the process.

  3. Yo
    April 30th, 2009 at 15:48
    Reply | Quote | #3

    The real failure of the Republican party lies not only in their claim of fiscal conservatism, but also in their rabid attempts to impose their religious beliefs onto the rest of society. True conservatism embraces freedom from government interference in the financial market as well as freedom from government interference in our personal lives. Today’s so-called conservatives adhere to neither of these policies. On the business front, they call for a return to laissez-faire while at the same time asking for government support (tax-breaks, subsidies, etc.) On the personal front, they don’t want the government telling them they can’t own guns (I guess an AK-47 is de riguer for hunting, yes?), but they want laws limiting a woman’s right to make decisions governing her own body.

    This schizophrenic attitude (along with the rantings of the Glenn Becks and Rush Limbaughs of the party) will only further alienate any moderate voters. If the Republicans desire any hope of becoming a relevant political force in the near future, they will have to return to their traditional roots and disavow the hate-mongering and divisive elements that have come to define their party.

  4. Jay_C
    May 3rd, 2009 at 05:11
    Reply | Quote | #4

    However Bob, What you wrote aren’t conservative faults: What you wrote are what are perceived as Republican faults. Since we are talking economics, the only one that could actually apply anyway would be big-gov-spending-while-professing-small-gov. Given that, Conservative Glenn Beck is actually doing a lot of good analysis in this are. specifically, when analyzing the Tea Parties, I find it interesting that he is being the very fair. He is saying that the spending is a Republican and Democrat problem. Watch this clip, fairly interesting:

    http://www.youtube.com/watch?v=nBMHQq0ngnw&feature=related

    Watch the whole thing if you want, but 2:30 to 5:15 is the crux of what I was getting at.
    My point being that Beck isn’t as incendiary against liberals as he is being made out to be.. Limbaugh? …perhaps, but not Beck in my opinion, he is just as incendiary against Republicans, its just that Democrats are in power now, and there is more fodder.

  5. JImmie
    May 9th, 2009 at 18:47
    Reply | Quote | #5

    You set up an unfair strawman. Limbaugh and Coulter do not, in fact, eschew science and reason. In fact, both of them refer far more often to Hayek, Smith, von Mises than you realize. I think you are buying the left-wing narrative on both of them instead of actually listening to or reading them to see what they actually have to say.

    A couple of weeks ago, Rush had a high-school student call into his show to ask him what he should read to get a good grounding in conservative principles. You know who Rush recommended first? Hayek.

    Popular does not mean stupid.

  6. kreiz
    May 18th, 2009 at 15:02
    Reply | Quote | #6

    Bob, with the exception on waterboarding, I’m with you, dude. You’re exactly correct.

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