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Humility's Challenge: The Political Value of Disperse Individual Experience in F. A. Hayek's Thought

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  • Daniel Fernando Zarama Rojas

Abstract

The meaning of Hayek’s call for humility changed after the introduction of evolutionism into his thought. Initially, his call pretended to highlight the greater capacity of spontaneous orders to combine disperse knowledge of local circumstances. His account, however, was not able to fully argue why would such knowledge be socially valuable, why could only spontaneous orders combine it, and how could it be relevant for the political institutions of society. Then, through the introduction of evolutionism, widening his conception of knowledge, he renewed his account of social phenomena and became able to answer criticisms that could be associated with his previous works. Ever since, Hayek calls for humility points out at the potentialities of individual learning and innovation. I argue that reinterpreting Hayek’s call for humility in the light of his evolutionism allows for a clear understanding of the value of freedom and the role he assigns to the state.

Suggested Citation

  • Daniel Fernando Zarama Rojas, 2021. "Humility's Challenge: The Political Value of Disperse Individual Experience in F. A. Hayek's Thought," Documentos CEDE 19127, Universidad de los Andes, Facultad de Economía, CEDE.
  • Handle: RePEc:col:000089:019127
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    References listed on IDEAS

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    More about this item

    Keywords

    Hayek; Knowledge; Development; Humility; Institutions;
    All these keywords.

    JEL classification:

    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School
    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth

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