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Ideology and Utopia in the Social Philosophy of the Libertarian Economists
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Rick Tilman
ISBN: 0-313-31558-2
ISBN-13: 978-0-313-31558-9
224 pages
Praeger Publishers
Publication: 2/28/2001
List Price: $119.95 (UK Sterling Price: £82.95)
Availability: In Stock
Media Type: Hardcover
Trim Size: 6 1/8 x 9 1/4
Subjects:
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 The study is the first to use the unpublished papers of libertarians James Buchanan, Gordon Tullock, Milton Friedman, and George Stigler to bring their interpretations of the meaning of freedom and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
About the Author: RICK TILMAN taught political economy and public policy at several universities in California and the Southwest until his recent retirement. He is the author of books and articles on C. Wright Mills, John Dewey, Thorstein Veblen, and Jacques Loeb. He is currently working on a a book on Veblen and his contemporaries, which will focus on placing Veblen in the intellectual history of the West.
LCC Class: 306
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