I know there are a lot of Rothabardian types here. So here is a cool article I just stumbled on by Steve Horowitz you may find interesting:
It also mentions the importance of Don Lavoie, someone I am just starting to find interesting.
Also of interest for this would be a “Rothbard and Mises dehomoginized” article here:
With an interesting comment here:
This is a big topic, but one that should not be limited to Austrian economists. However, since that is how it is couched here, here is my opinion FWIW.
Hayek takes his conception of liberty from the Scottish Moral Philosophers (Hume, Ferguson, Smith, Hutchinson), and later from some of the 19th century British legal scholars. It is largely conservatively deontological, anti-rationalist, and sceptical. It says that moral action may be judged by adherence to a traditional rule, even if adherance to the rule may prohibit some expressions of positive liberty by the individuals within a society, and may not even necessarily appear rational on a cause and effect basis which can be easily seen.
However, without these “rules” of morality which often differ from those of our gut instincts (evolutionalry vestiges of by-gone simpler society when men knew their neighbors), a society would not form and coordinate. Nevertheless, many individual rule followers will experience repression, and even might be harmed by the enforcement of these rules. Hayek and the Scottish Moral philosophers deny that human agents posess the knowledge to derive perfect rules governing complex social orders like some kind of Newtonian physics problem, and that designed rules and morals will often not result in the consequences intended by the designers.
On the other side is Rothbard. Sqaurely a radical rationalist. He takes his inspiration from Catesian rationalists, and Hobbs, Rousseau, Bentham, and J.S. Mill. He opposes Smithian economics and moral philosophy. Those in the Rothbard camp are not rule utilitarians, but radical rational individualist utilitarians (though most deny they are utiltarians at all) who hold that moral acts are first and foremost rational acts, and can only be justified through our perfect reason. Man is first and foremost a happiness (pleasure maximizing)seeking individual, and codified traditional rules often repress the pursuit of ultimate(happiness).
To this camp of thinkers, the irrational is immoral, and therefore morality is derived like a cartesian construction. The higher self is the rational creature who has been liberated from the irrationality of the traditional social institutions which repress pleasure-seeking and intrapersonal freedoms. The market is a wonderful free for all, where everyone uses everyone else to boost his own happiness, just as long as negative liberties are enforced. Morality is often judged by the end result of the action, not the intent. The market is the ultimate arbitrator of morality, since it brings the greatest pleasure to the greatest number.
Squarely in the middle is Mises. Mises lives in the philosophical middle ground of Immanuel Kant. His philosophy attempts to reconcile the Scottish Moral Philosopers and continental philosopers. We see rule utilitarianism. Morality is judged by adherance to a rule which is judged good if it can rationally be shown to bring the greater good.
That is my take. I think the Rand/Rothbard brand, while glorifying personal liberty, is ultimately dangerous to interpersonal liberty and the emergence of social order.
I side with Buchanan (and Hayek), that complete laisez faire (radical individualism) means death to liberty and the market. It brings about a backlash of totalitarianism. Markets function, but only under the framework of good rules, and these rules must be undergirded by a type of deontological morality. Rules must be enforced by some infringement on unconstrained liberty.
Posted by: K Sralla | April 09, 2012 at 06:00 PM