DeLong on Hayek on Democracy

DeLong takes Hayek to task for not being a fan of democracy:

I have long been of the opinion that Friedrich Hayek saw more deeply into why the market economy is so productive–the use of knowledge in society, competition as a discovery procedure, et cetera–than neoclassical economics, with its Welfare Theorems that under appropriate conditions the competitive market equilibrium (a) is Pareto-Optimal or (b) maximizes a social welfare function that is the sum of individual utilities in which...