This is the second of three posts discussing William Davies’ book Nervous States–Democracy and the Decline of Reason. I pick a couple of areas to argue with some of the scenarios Davies presents.
Markets and Evolution
Davies discusses Hayek as the guy who believes in free markets above all else, and who has helped us reach this point of not agreeing on reality. When I read Hayek (The Road to Serfdom), he said to me that free markets with the right stable rules in place are the best system for everyone. Unfortunately, determining the right stable rules is difficult and the job of government. Hayek seems to have taken Adam Smith’s invisible hand and run with it. David Sloan Wilson in This View of Life- Completing the Darwinian Revolution makes clear that the invisible hand only works at one scale of a market (see posts Evolution for Everyone and Multilevel Selection Theory).