28min chapter

The "What is Money?" Show cover image

The Fatal Conceit: The Errors of Socialism with Aneesh Karve (WiM520)

The "What is Money?" Show

CHAPTER

Emergent Order: Insights from Aristotle and Hayek

This chapter examines the contrasting views of Aristotle and Hayek on societal order and economic systems, emphasizing the idea of emergent order over centrally planned constructs. It critiques socialism while highlighting the organic evolution of social institutions like property rights and money through cultural experimentation. The discussion also explores the role of dispersed knowledge, moral practices, and emotional intelligence in fostering individual freedom and societal development.

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