Human Ignorance Is an Unstable Basis for Liberty and Praxeology

Source: Ludwig von Mises Institute
by Djordje Bokun

“In his review of F.A. Hayek’s Constitution of Liberty, Murray Rothbard takes issue with the Hayekian case for freedom, which rests solely on human ignorance. On this view, reason is dogmatic and tends to lead to totalitarianism, with arrogant despots claiming they have the knowledge to rationally and efficiently plan the social order. As Joe Salerno has shown, Ludwig von Mises took a different approach. In contrast to the Hayekian stress on ‘spontaneous order,’ ‘evolved rules,’ and the ‘unintended consequences of human action,’ Mises was a strict rationalist, emphasizing the necessity of the public rationally grasping the benefits brought about by a free-market economy, along with the dangers and destructiveness of state interventionism.” (07/01/24)