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Beyond Hayek's Pessimism: Reason, Tradition and Bounded Constructivist Rationalism

Two competing themes – traditionalism and constitutional design – lead to inconsistency in F. A. Hayek's work. This inconsistency and its implications for understanding his thought are examined. It is shown that his failure to reconcile these conflicting emphases reflects uncertainty about the proportions of reasoned choice and unreflective rule-following in human decisions. This uncertainty is traced to Hayek's growing pessimism about modern man's ability to preserve the market and the traditions upon which the market rests. Once Hayek's pessimism is set aside, the implications of his work on tradition can be developed in a more useful direction. Realization that reason rests on a non-rational matrix and that people's choices affect that matrix should not lead towards embrace and veneration of the past, but towards emphasis on the necessity of responsible political choice in the present and future.