NDLI: Democracy and Opinion Falsification: Towards a New Austrian Political Economy

Content Provider	Springer Nature Link
Author	Wohlgemuth, Michael
Copyright Year	2002
Abstract	Hayek's view of democracy as a process of forming opinion is taken as a starting point for inquiring into issues largely neglected by Public Choice and Constitutional Economics. In an Austrian perspective, fallible individual knowledge, political entrepreneurs and dissenting minorities attain a distinctive role in the process of political competition. Based on the observation that political opinions consist of preferences and theories, the concept of “opinion falsification” is introduced. It is a spontaneous result of social interaction creating “preference falsification” - the disguise of true feelings, but also “knowledge falsification” – the discovery of false beliefs. Democratic constitutions can limit the scope of preference falsification and increase the potential for knowledge falsification, thus supporting Hayek's view that “it is in its dynamic, rather than its static, aspects, that the value of democracy proves itself”.
Starting Page	223
Ending Page	246
Page Count	24
File Format	PDF
ISSN	10434062
Journal	Constitutional Political Economy
Volume Number	13
Issue Number	3
e-ISSN	15729966
Language	English
Publisher	Kluwer Academic Publishers
Publisher Date	2002-01-01
Publisher Place	Boston
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Constitutional Law Political Science
Content Type	Text
Resource Type	Article
Subject	Sociology and Political Science Philosophy Law Economics and Econometrics

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