Hayek’s Concept of Social Justice: A Critical Assessment

Abstract

This paper reviews Friedrich Hayek’s conceptualization of social justice. It explores the basic tenets of the concept and probes into some of the assumptions of the concept. In the process, the article  highlights the issues raised with a view to use the examination of the concepts as a basis for discussion on the probity and relevance of the assumptions for developing nations.

Keywords: social justice, redistribution of wealth, social inequality