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

Gregory M. Collins

Journal of Markets & Morality2021article
ABDC B
Weight
0.26

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.

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@article{gregory2021,
  title        = {{Telos and Markets: Aristotle, Burke, and Hayek on the Role of Economics in the Wider Social Order}},
  author       = {Gregory M. Collins},
  journal      = {Journal of Markets & Morality},
  year         = {2021},
}

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

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Evidence weight

0.26

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.00 × 0.4 = 0.00
M · momentum0.20 × 0.15 = 0.03
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.