Subscription Login to verify subscription
User
Notifications
Information
Journal Content

Browse
Open Access Open Access  Restricted Access Subscription or Fee Access

Telos and Markets: Aristotle, Burke, and Hayek on the Role of Economics in the Wider Social Order

Gregory M. Collins

Abstract


Aristotle’s objection to unlimited commercial exchange as an unnatural activity governed by no moral constraints or teleological aims continues to endure as a powerful criticism of markets. This article applies this criticism to the thought of Edmund Burke and F. A. Hayek. It argues that whereas Hayek’s suspicion of teleology and a hierarchy of ends does leave his embrace of market economies vulnerable to Aristotle’s criticism, Burke overcomes this objection by explicitly subordinating commerce to the religious and moral imperatives of a nation.

Full Text:

PDF

Refbacks

  • There are currently no refbacks.