Premium
Hayek and the Sorcerer's Apprentice: Whither the Hayekian Logic of Intervention?
Author(s) -
McPhail Edward,
Farrant Andrew
Publication year - 2013
Publication title -
american journal of economics and sociology
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.199
H-Index - 38
eISSN - 1536-7150
pISSN - 0002-9246
DOI - 10.1111/ajes.12034
Subject(s) - intervention (counseling) , apprenticeship , serfdom , law and economics , law , political science , philosophy , sociology , psychology , linguistics , psychiatry
Commentators claim that H ayek's work readily explains what consequences are likely to result from the allegedly socialist policies finding favor with the O bama Administration. They have ready cause to invoke his name as H ayek himself has a penchant for promiscuously invoking “planning” with widespread descriptive applicability. This article draws upon archival material to show that H ayek did indeed think that persisting with middle‐way policies ( H ayek's supposed “muddle of the middle”) would lead to full‐blown command planning. In particular, H ayek argued that middle‐way policies would induce psychological changes in the populace that would lead it to supposedly favor and call for ever greater government intervention. For H ayek, these supposed psychological changes allegedly provide much grease for any slippery slope that leads to serfdom.