Burczak reformulates socialism to escape Hayek’s strictures against central planning. While Hayek supports a social safety net as well as other liberal reforms, Burczak points out that these reforms fall outside Hayek’s theoretical framework. We explain that this is because Hayek narrowed the classical economists’ conception of sympathetic agency to imitation and rule following. By contrast, liberal reform proposals follow from the theoretical framework of Adam Smith and John Stuart Mill. For Smith and Mill, sympathy is a richer concept in which people change places imaginatively with others. Sympathetic agency allows a wide range of other regarding actions and political reforms.
The Review of Austrian Economics – Springer Journals
Published: Sep 4, 2008
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