Psychology Dictionary of ArgumentsHome
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| Society: "Society" refers to a group of individuals living together in a community, sharing common norms, values, and institutions, and often governed by established rules or laws. It encompasses social interactions, relationships, and collective organization within a given geographical or cultural context. See also Community, Culture, State, Norms, Values, Institutions._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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Friedrich A. von Hayek on Society - Dictionary of Arguments
Parisi I 272 Society/Hayek: In his essay The Use of Knowledge in Society(1), Hayek notes that the “economic problem of society is thus not merely a problem of how to allocate ‘given’ resource … It is rather a problem of how to secure the best use of resources known to any of the members of society, for ends whose relative importance only those individuals know” (1945(1), pp. 519–520). So, for Hayek, the function of the law is to provide dispersed economic decision-makers the “additional knowledge” or, more exactly, surrogates for the knowledge necessary to rationally plan (1945(1), p. 521). However, the law cannot do this directly; it can only create the basis for a knowledge-disseminating and economizing price system. The problem of decentralized knowledge starts with the knowledge available to the individual. This knowledge may be local in a geographical sense, known only to the “man on the spot.” Or the knowledge may be personal, subjective to the preferences, motives, and mental states of the individual. The individual may possess both of these types of knowledge either explicitly or tacitly (Rizzo, 2005)(2). >Knowledge/Hayek. 1. Hayek, F. A. (1945). “The Use of Knowledge in Society.” American Economic Review 35: 519–530. 2. Rizzo, M. J. (2005). “Problem of Moral Dirigisme: A New Argument against Moralistic Legislation.” NYU Journal of Law and Liberty 1: 790. Rajagopalan, Shruti and Mario J. Rizzo “Austrian Perspectives on Law and Economics.” In: Parisi, Francesco (ed) (2017). The Oxford Handbook of Law and Economics. Vol 1: Methodology and Concepts. NY: Oxford University._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
Hayek I Friedrich A. Hayek The Road to Serfdom: Text and Documents--The Definitive Edition (The Collected Works of F. A. Hayek, Volume 2) Chicago 2007 Parisi I Francesco Parisi (Ed) The Oxford Handbook of Law and Economics: Volume 1: Methodology and Concepts New York 2017 |
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