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On the complementarity of liberalism and democracy – a reading of F.A. Hayek and J.M. Buchanan

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  • VANBERG, VIKTOR J.

Abstract

The principal claim of this paper is that liberalism and democracy are not only compatible ideals, as F.A. Hayek has suggested, but rather complementary ideals. The argument in support of this claim is based on a distinction between three different levels at which liberalism and democracy can be compared, the level of their institutional embodiment, the level of their principal ideals, and the level of their underlying normative premise. It is argued that liberalism and democracy share as their common normative foundation the principle of individual sovereignty, and that their respective core ideals, the liberal principle of private autonomy and the democratic principle of citizen sovereignty, can be best understood as applications of the ideal of individual sovereignty to the realm of the private law society on the one side and to the ‘public’ realm of collective-political choice on the other.

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  • Vanberg, Viktor J., 2008. "On the complementarity of liberalism and democracy – a reading of F.A. Hayek and J.M. Buchanan," Journal of Institutional Economics, Cambridge University Press, vol. 4(2), pages 139-161, August.
    • Handle: RePEc:cup:jinsec:v:4:y:2008:i:02:p:139-161_00
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    Cited by:

    1. Phillip W. Magness, 2020. "The anti-discriminatory tradition in Virginia school public choice theory," Public Choice, Springer, vol. 183(3), pages 417-441, June.
    2. Niclas Berggren & Jerg Gutmann, 2020. "Securing personal freedom through institutions: the role of electoral democracy and judicial independence," European Journal of Law and Economics, Springer, vol. 49(2), pages 165-186, April.
    3. Stefan Kolev & Nils Goldschmidt & Jan-Otmar Hesse, 2020. "Debating liberalism: Walter Eucken, F. A. Hayek and the early history of the Mont Pèlerin Society," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 33(4), pages 433-463, December.
    4. Régis Servant, 2010. "La recherche de bonnes règles sociales: objet de science et de choix démocratique ? Le cas de Friedrich Hayek," Post-Print hal-00641440, HAL.
    5. Régis Servant, 2010. "La recherche de bonnes règles sociales : objet de science ou de choix démocratique ? Le cas de Friedrich Hayek," Post-Print hal-03498010, HAL.

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