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Spontaneous Order and The Social Individual: Hayek, Democracy, and Public Choice

In: Austrian Economic Perspectives on Individualism and Society

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  • Guinevere Liberty Nell

Abstract

Assumptions about self-interest underlie much of economic analysis; what would happen if human nature or culture changed, perhaps became more enlightened as discussed by Nell (this volume), and voters began to vote more for the common good than their own personal interests, and representatives began to care more about doing what is right than about personal payoffs? This would result in the end of “public choice” economics and the Austrian analysis that relies on it.

Suggested Citation

  • Guinevere Liberty Nell, 2014. "Spontaneous Order and The Social Individual: Hayek, Democracy, and Public Choice," Palgrave Macmillan Books, in: Guinevere Liberty Nell (ed.), Austrian Economic Perspectives on Individualism and Society, chapter 0, pages 47-79, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-36884-3_4
    DOI: 10.1057/9781137368843_4
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