Through this dissertation attempt, we argue that these exist some inconsistences between Hayek's faith in 'free-marketism' and 'the paradigm of complexity', the philosophical basis of his later economic thought.
According to Hayek, money is not a too...
Through this dissertation attempt, we argue that these exist some inconsistences between Hayek's faith in 'free-marketism' and 'the paradigm of complexity', the philosophical basis of his later economic thought.
According to Hayek, money is not a tool of policy that can achieve particular foreseeable results by control of its quantity. But it should be part of the self-steering mechanism by which individuals are constantly induced to adjust their activities to circumstances on which they have information only through.
The abstract signals of prices. It should be a serviceable link in the process that communicates the effects of events never wholly known to anybody and that is required to maintain an order in which the plans of participating persons match.
Hayek's 'anti-constructivism' and Derrida's 'deconstruction' are radical critiques of logocentrism that has been the prevailing western philosophical tradition. Hayek's anti-constructivism is based on 'the paradigm of complexity' or the theory of 'self-organizing system' in natural sciences, an immanent criticism to the traditional static system theory.
Similarly Derrida's deconstruction is based on post structuralism which is an immanent criticism to the structuralism, and the conversion of traditional system theory in human sciences. Hayek's anti-constructivism and Derrida's deconstruction, rejecting the traditional attempt to understand the objects by way of reduction and simplification, endeavor to restore the irreducible complexity of the objects.
Also, this dissertation aims at not only reformulating Hayek's theory of competing monies, based on an exhaustive analysis of his economic methodology, but also spontaneous order and analyzing the results of reformulation.
This dissertation tries to read Hayek 'deconstructively'. As all theoretical practices indispensably require metaphysics as a theoretical tool, all kinds of theoretical texts can be 'deconstructed'. This means that a theory inevitably deletes some aspects of complex objects in order to cognize and describe them, and that all theories are open to deconstruction. Deconstruction does not permit any finalization of theories and enforces incessant development of them.