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The emergence of institutions in Hayek’s theory: two views or one?

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  • Stefano Fiori

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Abstract

Hayek opposes the explanation of the emergence of institutions as “spontaneous (unintentional) order”, which he considers correct, against “constructivism” (viewed as erroneous). This dichotomy exhibits some inconsistencies, for, on Hayek’s account, constructivist ideologies seem able both to prevent the evolutionary emergence of norms and to generate institutions coherent with deliberate, intentional, purposes. If this is so, are there then two views on the emergence of institutions in Hayek’s theory? The paper consequently discusses whether constructivism and evolution of norms are two alternative kinds of explanation, and in particular whether the former can be interpreted in evolutionary terms. Copyright Springer Science+Business Media, LLC 2006

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Bibliographic Info

Article provided by Springer in its journal Constitutional Political Economy.

Volume (Year): 17 (2006)
Issue (Month): 1 (03)
Pages: 49-61

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Handle: RePEc:kap:copoec:v:17:y:2006:i:1:p:49-61

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Web page: http://www.springerlink.com/link.asp?id=102866

Related research

Keywords: Spontaneous order; Constructivism; Evolution of norms; Institutions; B4; B25;

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References

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  1. Herbert A. Simon, 1996. "The Sciences of the Artificial, 3rd Edition," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262691914, December.
  2. Ulrich Witt, 2006. "Evolutionary Economics," Papers on Economics and Evolution 2006-05, Philipps University Marburg, Department of Geography.
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  8. Schlicht, Ekkehart, 1998. "On Custom in the Economy," OUP Catalogue, Oxford University Press, number 9780198292241.
  9. Fiori, Stefano & Pesciarelli, Enzo, 1999. "Adam Smith on Relations of Subordination, Personal Incentives and the Division of Labor," Scottish Journal of Political Economy, Scottish Economic Society, vol. 46(1), pages 91-106, February.
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Cited by:
  1. Stefano Fiori, 2010. "Is H.A. Simon a theoretician of decentralized planning? A comparison with F.A. Hayek on planning, market, and organizations," Constitutional Political Economy, Springer, vol. 21(2), pages 145-170, June.
  2. Barbara Dluhosch & Stefanie Krause, 2013. "Diversity and the disinterest in trade liberalization: on the prospects of self-enforcing cooperation," Journal of Evolutionary Economics, Springer, vol. 23(2), pages 455-475, April.

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