From Knight to Habermas: Discursive Ethics and Political Economy

24 Pages Posted: 6 Apr 2008

See all articles by Dalibor Rohac

Dalibor Rohac

Legatum Institute; King's College London

Date Written: April 5, 2008

Abstract

This paper discusses the role of Jürgen Habermas' theory of discursive ethics in the history of normative political economy. Given his background, Habermas himself is seldom perceived as a figure relevant for the evolution of political economy. The purpose of our paper is to show that his work represents an articulate extension of Frank Knight's call for a liberal order which would not be purely instrumental to maximisation of some aggregate measure of welfare but which would take into account individuals as moral persons. We proceed by finding parallels between Habermasian discursive ethics and Rawlsian contractarianism. We compare them at three different margins, which would have been relevant for Frank Knight. First, we are interested in how they fare in terms of respect of personhood. Second, we investigate the character of the agreement - if any - between the individuals who are to be guided by these ethical systems. Finally, we attempt to identify the origin of normative statements in each of these theories. In the light of these considerations, Habermas' approach appears to be close to Knight's ideals. Knightian political economy and discursive ethics lead to unconditional respect of personhood, they invoke consensus over values and it have their origin in the language-based constraints.

Keywords: Jürgen Habermas, discursive ethics, utilitarianism, John Rawls, Frank Knight, language

JEL Classification: B31, D63

Suggested Citation

Rohac, Dalibor, From Knight to Habermas: Discursive Ethics and Political Economy (April 5, 2008). Available at SSRN: https://ssrn.com/abstract=1116964 or http://dx.doi.org/10.2139/ssrn.1116964

Dalibor Rohac (Contact Author)

Legatum Institute ( email )

11 Charles Street
Mayfair, London, London W1J 5DW
United Kingdom

King's College London ( email )

Strand
London, England WC2R 2LS
United Kingdom
07585303666 (Phone)

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
215
Abstract Views
1,119
rank
195,452
PlumX Metrics