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Summer 2015

ISSN 0890-913X

Volume 30, Number 2

Categories: Summer 2015 | Liberalism

Hayek and the Scots on Liberty

Gerald P. O’Driscoll Jr., Cato Institute

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HayekandtheScotsonLibertyTheJournalofPrivateEnterprise30(2),2015,1–19GeraldP.O’Driscoll,Jr.∗CatoInstitute______________________________________________________AbstractItracetheinfluenceofagroupofScottishpoliticalandmoralphilosophersonF.A.Hayek’sthinkingonlibertyandclassicalliberalism.DavidHumeisthemostnotable;thelistalsoincludesAdamFerguson,DugaldStewart,andAdamSmith.Inmanycases,wehaveHayek’sownwordsonthesemoralphilosophers’influence.IlookattheScotsthroughHayek’seyestounderstandtheirinfluenceonhim.MypurposeistopresentthisimportantstrandofclassicalliberalthoughtanditsinfluenceonHayek’sownpoliticalandlegalframeworkforliberty.______________________________________________________JELCodes:P16Keywords:F.A.Hayek,DavidHume,liberty,evolution,naturallaw,AdamSmithI.IntroductionIfoneweretotracetheintellectualinfluencesonF.A.Hayek’seconomicanalysis,onewouldlookfirsttoCarlMenger,FriedrichvonWieser,andLudwigvonMises.MengerwasthefounderoftheAustrianSchoolofeconomicsinwhichHayek’sintellectualdevelopmentoccurred(Hayek1973b).Wieserwashisteacher.AndMiseswasadominantinfluenceineconomicsin1920sVienna.Hayekwascertainlyalsowell-steepedinBritishclassicalpoliticaleconomy.ThefirstlectureofPricesandProductionisanexcursionthroughclassicaleconomicthinkingontherelationshipbetweenmoneyandprices(Hayek1935).1Ontechnicaleconomicissues,however,theAustrianinfluenceisstrongest.NotsoforHayek’slegalandpoliticaltheory.Here,Hayekwasheavilyinfluencedbyeighteenth-centurywritersintheBritishIsles,suchasAdamFerguson,DugaldStewart,DavidHume,AdamSmith,∗IthankBruceCaldwell,JamesA.Dorn,RogerGarrison,MaraleneMartin,LewRandall,DouglasB.Rasmussen,andMarioJ.Rizzoforvaluablecommentsandsuggestions.1Ebenstein(2001,pp.247–48)detailsHayek’sworkinthehistoryofmonetarytheory.1

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Metadata [hide]

Title	Hayek and the Scots on Liberty
Authors/Creators:	Gerald P. O’Driscoll Jr., Cato Institute
Year:	2015
Volume:	30
Number:	2
Pages:	1 - 19
Publisher:	The Association of Private Enterprise Education
ISSN:	0890-913X
Document Type:	Articles
Keywords:	F. A. Hayek, David Hume, liberty, evolution, natural law, Adam Smith

Citation:
O’Driscoll Jr., Gerald P. / 2015. "Hayek and the Scots on Liberty." The Journal of Private Enterprise, 30(2): 1-19.