Advanced Search
MyIDEAS: Login to save this paper or follow this series

Hayek and the Evolution of Designed Institutions: a Critical Assessment

Contents:

Author Info

  • Christian Schubert

    ()

Abstract

While Evolutionary Economics has devoted much attention to the attempt to explain the evolution of institutions that emerge spontaneously, the genesis, diffusion and evaluation of consciously designed institutions has largely been neglected. This paper tries to show (i) how an evolutionary approach to this problem could look like and (ii) in what way Friedrich A. v. Hayek's work can contribute to it. Three aspects are identified as playing a key role in this respect: first, Hayek's positive theory of both the legislative and the judicial law-making process; second, his normative theory, centered on the instrumental value of individual freedom for maintaining the epistemic superiority of spontaneous social orders; and third, his concept of democracy, based on a dynamic deliberation (instead of a static aggregation) view on individual preferences. While there are more or less wide gaps in all three original accounts, there are ways to fill them in an arguably "Hayekian" way and to combine the different threads to a conceptual basis for a Hayekian political economy.

Download Info

To our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.

Bibliographic Info

Paper provided by Philipps University Marburg, Department of Geography in its series Papers on Economics and Evolution with number 2004-11.

as in new window
Length: 23 pages
Date of creation: Jul 2004
Date of revision:
Handle: RePEc:esi:evopap:2004-11

Contact details of provider:
Postal: Deutschhausstrasse 10, 35032 Marburg
Phone: 064212824257
Fax: 064212828950
Email:
Web page: http://www.uni-marburg.de/fb19/
More information through EDIRC

Related research

Keywords: Hayek; demogracy; Cultural Evolution; legal evolution; designed institutions;

This paper has been announced in the following NEP Reports:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Berggren, Niclas, 2008. "Choosing One’s Own Informal Institutions: On Hayek’s Critique of Keynes’s Immoralism," Ratio Working Papers, The Ratio Institute 118, The Ratio Institute.
  2. Gedeon, Péter, 2007. "Piaci rend és társadalmi normák. Hayek elmélete a társadalmi evolúcióról
    [Market order and social norms. Hayeks theory of social evolution]
    ," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(1), pages 1-28.
  3. Niclas Berggren, 2006. "Legal positivism and property rights: a critique of Hayek and Peczenik," Constitutional Political Economy, Springer, Springer, vol. 17(3), pages 217-235, September.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:esi:evopap:2004-11. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Christoph Mengs).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.