Hayek held that only one moral system, the market’s, yields an open society.

Evidence

Although Hayek argued there can be no single, absolute system of rules or morals independent of social organisation, he nonetheless contended that only one system of morals could make possible an open or ‘humanistic’ society in which individuals are valued as such and are relatively free to pursue their own plans. — Jessica Whyte, The Morals of the Market, 25

Categorization

• DEFINE: Clarifies Hayek’s ‘morals of the market’ concept — a moral relativist on systems who absolutizes the market moral system.
• XREF: Connects to the market-ethics debate the reader is tracking; Hayek as a foundational figure in the anti-Mill moral turn. — connects to: Hayek held that free markets require a moral culture of personal responsibility to survive — Jessica Whyte, The Morals of the Market: Human Rights…, 23; Hayek’s market-morals argument drew on explicitly ethical justifications of capitalism. — Jessica Whyte, The Morals of the Market: Human Rights…, 491

Broader Connections

• Hayek’s market-morals argument drew on explicitly ethical justifications of capitalism. #corroborates (0.85) — Jessica Whyte, The Morals of the Market, 491
• Hayek held that free markets require a moral culture of personal responsibility to survive #expands (0.82) — Jessica Whyte, The Morals of the Market, 23