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<p>Challenging the libertarians' definition of <i>freedom</i> and <i>democracy</i>, 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.</p> <p>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

Author

Tilman, Rick

Publisher

Greenwood Press; Praeger

Published

2001

Language

EN

ISBN

9780313315589

Subjects

Sociology, History, Finance