That’s why Hayek tends to flip his lid when puffed-up radicals come around with big ideas for rapid advances in social justice. As imperfect as our society may be, we’ve got a pretty good thing going, but mostly we don’t actually understand what’s keeps it going, or what makes its going so good. So we need to be careful not to screw it up. When we think about making a difference, we need to think small, or else anticipate a high probability of failure.Such would substitute for my critique of the formalists in 1 paragraph.
In 1 word? Hubris. It's as arrogant as Marxism, and as likely to work.