Apologies for the intemperate response but in my experience everyone who talks about capital-H Hayek has the same set of shrink-wrapped opinions, and the open source / free software thing doesn't fit into them very well.
The gaps between our shared reliance on unpaid open source by people doing software for love, and the "Austrian Economics" financialized worldview are really hard to bridge. Why aren't they all rich if they're so useful?
> Apologies for the intemperate response but in my experience everyone who talks about capital-H Hayek has the same set of shrink-wrapped opinions, and the open source / free software thing doesn't fit into them very well.
Perhaps an effect of the particular bubbles/walled gardens you inhabit? Most of the discourse involving Hayek that I've encountered involves people with a wide range of opinions, including many who see the FOSS world as a perfect example of Hayek's concept of spontaneous order.
> The gaps between our shared reliance on unpaid open source by people doing software for love, and the "Austrian Economics" financialized worldview are really hard to bridge.
Austrian economics has little to do with a "financialized worldview"; rather, it's fundamentals boil down to subjective utility as the ultimate determinant of economic value, an axiomatic baseline that preference in pursuit of subjective utility is revealed by observable behavior rather than theoretical doctrines, and recognition of the individual as the fundamental agent/unit of analysis in economics.
Perhaps you're interacting primarily with people working in the financial sphere who are invoking certain ideas from Austrian economics to rationalize their own particular intentions?
If so, a rigorous application of Bayes' Theorem to the associations you've gleaned from your particular experience may be well warranted.
The "bridge" you're seeking is right there in the recognition of subjective utility as the basis of all value: contrary to your point, it's the satisfaction of subjective motivations, regardless of how that satisfaction is quantified or denominated, that generates value.
People who are obtaining the results they desire from the efforts they invest are creating value for themselves, regardless of whether their results have a financial value attached to them.