Gudeman - Chapter 07 | eBooks | Non-Fiction

Gudeman - Chapter 07

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"The Craving for Intelligibility"

Speech and Silence on the Economy under Structural Adjustment and Military Rule in Nigeria

This chapter focuses on what Friedrich von Hayek considered the grave dangers of "the craving for intelligibility" (1944: 204) with respect to economic life. Hayek published The Road to Serfdom toward the end of a war that he saw as having profoundly entrenched centralized economic management in the state and in the hands of ideologues, with disastrous results for Germany and for the world. He argued not only against National Socialism, but also against the Keynesian formula for selective state intervention, and was in favor of a return to markets as soon as the war was over. To "submit" to markets was by far the lesser of evils, as "the refusal to submit to anything we cannot understand must lead to the destruction of our civilization" (Hayek 1944: 204).

"The Craving for Intelligibility" Speech and Silence on the Economy under Structural Adjustment and Military Rule in NigeriaJane I. Guyer with LaRay DenzerThis chapter focuses on what Friedrich von Hayek considered the grave dangers of "the craving
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