HAYEKS SOCIAL AND POLITICAL-THOUGHT - KLEY,R

In Hayek's Social and Political Thought, Roland Kley argues that Hayek 's defense of capitalism is instrumentalist: that is, that Hayek sees market societies as efficient mechanisms that have no independent ethi cal justification. But in fact, Hayek does have such a standard, one t hat is expressed in the notion of a discipline of freedom. This standa rd derived from the moral anthropology of the liberal-conservative tra dition.