ABSTRACT
In this chapter, I address a group of interrelated problems that arise in Hayek’s work. My aim is critical and programmatic: I wish to identify what, in my view, would have to be done in order for Hayek’s broad approach to be vindicated; to criticize ideas to be found in the work of Hayek-and elsewhere-which seem to me to stand in the way of doing what is needed, and then to offer some highly programmatic suggestions of my own. I can hardly myself aspire to solve the problems which I raise, least of all in the compass of the present volume. But I believe that it will make a positive contribution simply to identify the problems facing a Hayekian perspective, and to argue that the way those who favour such an approach typically approach them has been ill-conceived.
