Locke, Hegel, and the Economy

Abstract

Peter Lawler’s insightful critique of American individualism offers many important lessons, but his diagnosis of our economic situation is overly optimistic. Indeed, “big government” is more of a problem than Lawler suggests. This essay draws on two central figures of Lawler’s analysis—Locke and Hegel—to explore the problems that individualism poses for modern political economy. Although individualism is unlikely to make the regulatory state or welfare state wither away, the psychology of individualism confirms the importance of cultivating forms of recognition beyond economic life.