Bruce Caldwell (economist): Socialism

Bruce Caldwell (economist) is economic historian. Explore interesting quotes on socialism.
Bruce Caldwell (economist): 16   quotes 1   like

“Some may wish to argue that Hayek was simply born with a sort of natural pessimism or cynicism, and that this generated his long standing belief in the inherent limitations that humans face when they try to intervene in social phenomena. Perhaps. But it is also possible that this view was the product of his having come of age during the final collapse of an already broken-down empire, of having experienced the multiple forms of disaster that surrounded postwar Vienna and enveloped interwar central Europe, and of having witnessed the failures of various high-minded social experiments to achieve anything like what their exponents had promised. In bearing witness to so much tragedy Hayek was again very much a part of the larger Austrian tradition. His famed ‘‘epistemic pessimism’’ may well have been another result of that larger experience.”

Bruce Caldwell (economist)

"Hayek and the Austrian tradition", in Edward Feser(ed.), The Cambridge Companion to Hayek (2006)

Age , Failure , Nature , Parting

“In his discussions of spontaneous orders, sometimes Hayek was simply trying to make the point that they exist; that is, he was trying to counter the claim that any beneficent social order needed to be constructed. This view was widespread when he first was writing; the mania for planning was then ubiquitous, so it was a point worth making. In later writings, Hayek sometimes did say, let’s trust to evolved orders rather than constructed ones, but then allowed that sometimes we needed to make piece-meal changes, and he gave no criteria for deciding.”

Bruce Caldwell (economist)

" Making Sense of Hayek on Spontaneous Order http://www.cato-unbound.org/2009/12/14/bruce-caldwell/making-sense-hayek-spontaneous-order" (December 2009)

Change

“He linked the notion of a spontaneous order that forms when agents follow (often simple) rules with the idea of complex systems in the 1950s. This was a critical breakthrough, for it allowed him to drop the old natural science-social science dichotomy …”

Bruce Caldwell (economist)

Source: Hayek's Challenge: An Intellectual Biography of F. A. Hayek (2004), Ch. 14 : Journey’s End—Hayek’s Multiple Legacies

Idea , Nature , Science