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Ideology and Utopia in the Social Philosophy of the Libertarian Economists
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Rick Tilman
Book Code: GM1558
ISBN: 0-313-31558-2
ISBN-13: 978-0-313-31558-9
224 pages, tables
Greenwood Press
Publication: 2/28/2001
List Price: $119.95 (UK Sterling Price: £70.00)
Availability: Out of stock
Media Type: Hardcover
Trim Size: 6 1/8 x 9 1/4
Subjects:
Series Title: Contributions in Economics and Economic History
Series Number: 223
Reviews:
  • Tilman's book is well researched and thoroughly documented.
    —Utopian Studies     2002
Description: Challenging the libertarians' definition of freedom and democracy, this study portrays the social philosophy of Milton Friedman, James Buchanan, Friedrich Hayek, and George Stigler as the bulwark of an attack on welfare and regulatory state collectivism and as undermining majoritarian democracy, political and civil liberties, and social equality. The book opens with Frank Knight's doctrines and their impact on the Chicago laissez faire economists, places libertarianism within the American tradition of empirical collectivism, and explores Friedrich Hayek's road-to-serfdom thesis within the context of the New Deal. Posing problems of corporate power, it uses Friedman, Stigler, and Buchanan as examples of libertarian denial of these problems and, in a consideration of the debate between the New Left and Libertarian Right, contrasts their ideologies. The work concludes with a historical summing up that juxtaposes the recent past to the present, links libertarian material interests with the growth of corporate hegemony, and portrays the right wing of neoclassical economics as an intellectual bulwark of business culture. The emergent plutocracy that we now live in, including the erosion of democratic theory and practice, owes a significant part of its doctrinal and political sustenance to the influence of the free market economists who are the subject of this book. The study is the first to use the unpublished papers of libertarians James Buchanan, Gordon Tullock, Milton Friedman, and George Stigler to bring their interpretations of the meaning of freedom and democracy into question.
Table of Contents:
  • Preface
  • Frank Knight: Ideological Catalyst In the Libertarian Revival
  • The "Road to Serfdom" and the Secular Trend Back
  • Milton Friedman: Values Without Power
  • The Libertarian Right and Its New Left Opponents
  • Social Value Theory, Corporate Power and Political Elitism
  • The Role of Selfishness and Altruism in Libertarianism
  • Libertarianism and the American Tradition of Empirical Collectivism
  • The Disinterest of Libertarians in Wasteful Consumption
  • Corporate Hegemony and the Constitution of Perpetual Privilege
  • Bibliography
  • Index
LC Card Number: 00-061700
LCC Class: HM548
Dewey Class: 306
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