I’m reminded of an MR entry by Tyler Cowen a couple of months ago in which he remarks that the “energetic young talent” in libertarianism now often seems more intent on “projects for building entire new political worlds” — charter cities, blockchain — than on theory, political, economic, etc. (https://marginalrevolution.com/marginalrevolution/2021/04/where-is-non-state-capacity-libertarianism-evolving.html)
I think there’s truth in that. But theory is still needed. It’s what gives us our organizing principles and inspiration.
That’s just the trouble with the bloggers mentioned, and I don’t mean the blog format. It’s the smallish scope of thinking: books on voting behavior, the university education system, immigration and open borders. This sort of thing is fine, but it’s not fundamental theory.
The purist libertarianism (rights absolutism, the “non-aggression axiom”) exemplified by Rand, Nozick, and Rothbard has been a dead end, I think. It is readily grasped, and it has the capacity to inspire, but it isn’t true. And the gradual realization of this has led to its collapse.
This collapse has left us somewhat rudderless. That’s how I feel, anyway. We need a new paradigm. The way to think about society is evolutionarily, or so it seems to me. That points to Hayek. But he had little to say about morals, and libertarianism should provide a moral vision. What is needed is a way to put these two together.
(The best evolutionary theorist of society—that I know of—is Joe Henrich. Both his books, The Secret of Our Success, and The WEIRDest People in the World, are terrific. But of course he’s neither a libertarian nor a moralist.)
This is from David Potts, responding to yours truly in the comments.
I have to think about this a bit more.