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The market is for Hayek the underlying mechanism, the venue, the invisible hand which miraculously transforms all the unenlightened and shortsighted individual decisions for the good of all.
As far as I am concerned, one’s intellectual development cannot be complete without taking full account of a reasoned, conservative viewpoint, regardless of your personal viewpoint.
MacPherson succeeded in articulating a full-blown, state of the art theory of modern day liberalism, a theory which hasn't been refuted as yet: "the political theory of possessive individualism," he called it. Its success derives from having merged the economic, market-related features of a modern-day society with the political ones.