ABSTRACT

In China's intellectual circle, Friedrich Hayek's liberalism started to gain momentum in the late 1980s and quickly developed in the late 1990s. According to the common understanding of his work, Deng Zhenglai's analysis of Hayek's theories was narrated from three aspects: the interactive relationship between the individuals' freedom of action and freedom, the spontaneous order and the principles of the rule of law, and the mechanism for cultural evolution. Hayek's individualism can be used interchangeably with the concept of liberalism and reflects the claims for a particular good. Hayek was a moderate libertarian who refused to define individual liberty solely on atomism and upholding the rule of law. In Hayek's theories, liberty is supreme and moderate. This also refers to maximizing the ideal of emphasizing an individual's liberty when society agrees with a certain compromise on equality within the networks consisting of interactive relationships and the judicial activities for any specific disputes.