Is social justice for or against liberty? The philosophical foundations of Mill and Hayek’s theory of liberty

By comparing the philosophical foundations of Mill and Hayek’s theory of liberty, this paper shows that some similarities in the economic theories of Mill and Hayek are actually based on different rationales. It follows that any attempt to find a common thread in Mill and Hayek to provide reasonable guidance for social policy can be promising only if we can find the common ground from their social philosophy. While analyzing the rationales behind their opinions regarding the role of government and taxation policies, this paper will focus on exploring the role of two philosophical ideas, liberty, and justice. This will clarify the relationship between social justice and liberty as well as their status in relation to the ultimate principle of rules in the philosophy of Mill and Hayek. This paper will offer an explanation why, in Mill’s utilitarian philosophy, the pursuit of social justice aligns with the real freedom of everyone, but in Hayek’s philosophy, it is a hindrance.     

John Stuart Mill's Theory Of Justice

John Stuart Mill has traditionally been portrayed as self-contradictory and failing to construct a unified social theory. Recent scholarship, however, has challenged this view, finding Mill's work to be creatively synthetic in bridging the antinomies inherent in liberal democratic thought. This revisionist interpretation of Mill is advanced by an understanding of his theory of justice and its role in shaping his policy positions on issues such as welfare, education, voting rights, property rights, taxation, government intervention, and the future of capitalism.     

The Political Economy of Economic Reforms in Argentina

In 1989, Argentina entered a process of sweeping transformation of its economic institutions which provided for the (temporary) recovery of economic growth and the taming of inflation. The Argentine experience with market-oriented reforms has been regarded by the literature as a salient case of radical and 'unconstrained' reform. Yet, a closer scrutiny portrays that the building and maintenance of a pro-"reform coalition determined the pace, depth and characteristics of the 'new economic institutions'. The idiosyncrasies of Argentina's political institutions, in turn, conditioned this coalition-building strategy. The same idiosyncrasies were at play in the 2001/2002 collapse of the convertibility regime and ensuing social and political chaos.     

Marx's critique of “eternal” political economy: how Mill is alien to Marx's attacks

Marx deplored political economy's claims to establish “eternal” – or “natural” – laws. This paper seeks to defend John Stuart Mill from his critique. It argues that, contrary to what Marx alleged, these two economists have a great deal more in common on this topic than is frequently realised. Both on the theoretical level and on the political one, Mill's views about the relativity of capitalism seem very close to Marx's. This paper also suggests that Marx may have ignored Mill's insistence on the relativity of economic theories because it may have challenged his own “scientific socialism”.     

Mill’s radical end of laissez-faire: A review essay of the political economy of progress: John Stuart Mill and modern radicalism

Can John Stuart Mill’s radicalism achieve liberal egalitarian ends? Joseph Persky’s The Political Economy of Progress is a provocative and compelling discussion of Mill’s economic thought. It is also a defense of radical political economy. Providing valuable historical context, Persky traces Mill’s intellectual journey as an outspoken proponent of laissez-faire to a cautious supporter of co-operative socialism. I propose two problems with Persky’s optimistic take on radical social reform. First, demands for substantive equality have led past radicals to endorse exclusionary nationalist and eugenics policies. It pushes some contemporary radicals towards illiberal interventions into intimate social life. Second, the radical critique of capitalism relies on an account of profit that neglects the epistemic function of private-property markets. Once this is acknowledged, capitalism retains some progressive credentials against radical alternatives.     

儒家学说与社会主义的和解？

本文认为把社会主义传统和儒家传统结合起来的左派儒学在中国大陆最有发展前途。作者简要概述了传统的社会主义价值观以及它们如何与一些“儒学”特征结合起来，以厘清“左派儒学”的轮廓，如独立的社会和政治批评、关心弱势群体、关心基本的物质生活、和陌生人的团结、全球正义和宗教宽容等。在文章最后，作者还探讨了儒学的普遍性和走向世界的困难。     

Hayek on corporate social responsibility

Hayek published a piece in 1960 that criticized corporate social responsibility as a norm for economic organizations, although he regarded corporate actions to be subject to essentially the same moral rules as individual action. This article identifies and reorganizes Hayek’s criticisms of social justice, the rule of law and morality, his comparison of the open society and the closed society, and his treatment of charity and altruism. The aim is to clarify the Hayekian perspective on CSR. These considerations explain why the ‘social’ perspective on responsibility is considered dangerous in a free society, how to separate legal compliance and morality from concerns about social justice.     

Introduction - Children and Family Policy: a Feminist Issue

Policy makers increasingly rely on theories of social capital to fashion development interventions that mobilize local social networks in the alleviation of poverty. The potential of such theory lies in its recognition of the social dimensions of economic growth. This recognition has inspired some innovative approaches to development, such as the now-popular microfinance model. In assessing the implications of these recent developments for feminist objectives of social transformation, this paper evaluates prevailing ideas about social capital (rooted in rational choice theory) against the grain of three alternative approaches: Marxian social capital theories ( À la Pierre Bourdieu), neo-Foucauldian governmentality studies, and my feminist ethnographic research on the social embeddedness of economic practice in a merchant community of Nepal. The paper concludes by bringing these critical insights to bear on possibilities for designing microfinance programs - and practicing a kind of development more generally - that could engage women's solidarity to challenge dominant gender ideologies.     

Widening Wicksell’s conception of political economy: his “thoroughly revolutionary programme”

Abstract

Knut Wicksell’s opinion that political economy is a “thoroughly revolutionary programme” has often been neglected in the literature. Actually, Wicksell aimed at implementing such a programme in order to enlarge political economy as a “practical science”. It is articulated around three main features: a criticism of the marginal theories, the redefinition of society as a whole, and the advent of social justice. Indeed, Wicksell claimed that economic and social problems may be solved only by a complete social reorganisation. Hence, I show that Wicksell’s social reform programme drives his particular view of and approach to political economy.     

J. S. Mill on Wages and Women: A Feminist Critique

"J. S. Mill on Wages and Women" questions the common belief that Mill, despite his feminism, never suggested an end to the sexual division of labor because of his devotion to the concept of efficiency and other tenets of classical economics. A review of Mill's analysis of a competitive labor market indicates that he believed it to be fully consistent with women's equality in the workforce. In fact, in his works on women, it becomes clear that Mill was concerned that the logical extension of classical economic principles might lead to the commodification of domestic duties, including child rearing, a notion he evidently feared. Therefore, it was Mill's fear of, rather than dedication to, extreme allegiance to efficiency and unimpeded capitalism that limited his feminism.     

Trustworthiness as a Moral Determinant of Economic Activity: Lessons from the Classics

This paper reviews the way that social norms and ethical values in general, and trustworthiness in particular, is perceived to affect the behavior of economic agents in view of the work of Adam Smith, Nassau William Senior and John Stuart Mill. Classical Political economists held that economic actions are context-dependent and thus constantly under the influence of social norms and values. It is further suggested here that Classical Economists had established that trustworthiness acts as a general ethical precondition for the efficient behaviour of the markets and an important asset of the national social capital.     

SEN,ETHICS, AND DEMOCRACY

Amartya Sen's ethical theorizing helps feminists resolve the tensions between the claims of women's particular perspectives and moral objectivity. His concept of "positional objectivity" highlights the epistemological significance of value judgments made from particular social positions, while holding that certain values may become widely shared. He shows how acknowledging positionality is consistent with affirming the universal value of democracy. This article builds on Sen's work by proposing an analysis of democracy as a set of institutions that aims to intelligently utilize positional information for shared ends. This epistemological analysis of democracy offers a way to understand the rationale for reserving political offices for women. From a political point of view, gendered positions are better thought of as an epistemological resource than as a ground of identity politics v - v that is, of parochial identification and solidarity.     

Class Debates in Intermediate Microeconomics: Social Economics and Pluralist Perspectives

Abstract

This paper proposes the use of class debates in an intermediate-level microeconomics course to introduce early to mid-career undergraduate students to socially embedded and pluralist perspectives, political-economic processes, and policy analyses. Using data from three semesters of class debates in an intermediate microeconomics course, we argue that this activity is a beneficial way to stimulate student interest in social economics, especially in the ethical, political economy, and economic justice aspects of economics and policy. We carried out three allied activities: participation in the debate, a learning self-assessment survey, and a five-page memo providing a balanced analysis of the policy conundrums surrounding the issue under discussion. We discuss three aspects of these class debates relevant to social economists: student attention to processes of knowledge construction, cognizance of power in socioeconomic life, and engagement with economic justice and ethics.     

The Black Worker,Economic Justice and the Speeches of Sadie T.M. Alexander

This paper examines Sadie Tanner Mossell Alexander's challenge to racial oppression within the US. In 1921, Alexander became the first African American woman to earn a PhD in economics. The author links Alexander's arguments for black political rights to the provision of economic justice for working class Americans.     

Welfare effects of competitive lobbying efforts in international oligopoly markets

Conventionally, rent-seeking activities have been considered to deteriorate social welfare and to distort resource allocation. This paper examines whether rent-seeking behavior can improve social welfare by focusing on the welfare effects of firms’ competitive lobbying efforts when governments can impose market entry regulation against foreign firms. We demonstrate that competitive lobbying efforts can improve social welfare when such lobbying efforts are directed to reduce market entry barriers. In addition, social welfare can be maximized when the government shows the maximum sensitivity to the foreign firm's political contributions while maintaining competitive market structure. Moreover, it is shown that the dominant strategy for a domestic firm is to allocate more resources to R&D sectors while it is optimal for foreign firms is to exert more efforts in lobbying to reduce the market entry barriers when a government makes political economic approach in market entry regulations.     

From Mill to Weber: the meaning of the concept of economic rationality

Weber recognized explicitly that his concept of ideal-type is directly borrowed from economic theory and as it is commonly admitted from the German-speaking ‘marginalist school’. Nevertheless, the construction of ideal-types reminds greatly the definition of economic rationality made by John Stuart Mill, who also built up a concept to explain, in individualistic terms, the real world in a given historical and geographical context. The position defended here is that Weber generalizes Mill's methodological proposition of concept formation regarding economic rationality to accomplish his much larger project of determining the social factors responsible for the rationalization of the Western civilization.     

Competing Models of Socially Constructed Economic Man: Differentiating Defoe's Crusoe from the Robinson of Neoclassical Economics

Daniel Defoe's Robinson Crusoe has seldom been read as an explicitly political text. When it has, it appears that the central character was designed to warn the early eighteenth-century reader against political challenges to the existing economic order. Insofar as Defoe's Crusoe stands for ‘economic man’, he is a reflection of historically produced assumptions about the need for social conformity, not the embodiment of any genuinely essential economic characteristics. This insight is used to compare Defoe's conception of economic man with that of the neoclassical Robinson Crusoe economy. On the most important of the ostensibly generic principles espoused by neoclassical theorists, their ‘Robinson’ has no parallels with Defoe's Crusoe. Despite the shared name, two quite distinct social constructions serve two equally distinct pedagogical purposes. Defoe's Crusoe extols the virtues of passive middle-class sobriety for effective social organisation; the neoclassical Robinson champions the establishment of markets for the sake of productive efficiency.     

Some unpublished correspondence of William Thomas Thornton, 1866-1872

This collection of letters conveniently assembles all of the unpublished correspondence of W. T. Thornton to J. S. Mill and J. E. Cairnes. Although this cache of letters is by no means large, it is nonetheless significant. First, Thornton's letters to Mill and Cairnes provide material for a reassessment of his relationship with both men. Second, it is apparent from these letters that Thornton's intellectual preoccupations ranged widely. Hence, they constitute the best supplement presently available to Thornton's published writings on political economy and philosophy. Third, the letters are an important ‘literary’ source in recovering aspects of Thornton's illustrious company career at East India House (1836–1880). In this context, they form an invaluable companion to his published writings on India. They may even afford some clues about the role he played in the formation of policy in India in the period after the 1857 mutiny. In short, they cast important light on the social, moral and intellectual milieu in which he lived and worked.