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Hayek Reads the Literature on the Emergence of Norms

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  • Luciano Andreozzi

Abstract

Hayek's approach to cultural and institutional evolution has been frequently criticized because it is explicitly based on the controversial notion of (cultural) group selection. In this paper this criticism is rejected on the basis of recent works on biological and cultural evolution. The paper's main contention is that Hayek employed group selection as a tool for the explanation of selection among several equilibria, and not as a vehicle for the emergence of out of equilibrium behavior (i.e. altruism). The paper shows that Hayek's ideas foreshadowed some of the most promising developments in the current literature on the emergence of norms.

Suggested Citation

  • Luciano Andreozzi, 2005. "Hayek Reads the Literature on the Emergence of Norms," Papers on Economics and Evolution 2005-03, Philipps University Marburg, Department of Geography.
  • Handle: RePEc:esi:evopap:2005-03
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    References listed on IDEAS

    as
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    Cited by:

    1. Agnès Festré & Pierre Garrouste, 2008. "L’analyse économique des normes sociales : une réévaluation de l’héritage hayékien," Revue Française d'Économie, Programme National Persée, vol. 22(4), pages 103-137.
    2. Agnès Festré & Pierre Garrouste, 2009. "The economic analysis of social norms: A reappraisal of Hayek’s legacy," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 22(3), pages 259-279, September.
    3. Agnès Festré, 2010. "Incentives And Social Norms: A Motivation‐Based Economic Analysis Of Social Norms," Journal of Economic Surveys, Wiley Blackwell, vol. 24(3), pages 511-538, July.
    4. 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), vol. 0(1), pages 1-28.
    5. Vlad Tarko, 2015. "The role of ideas in political economy," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 28(1), pages 17-39, March.

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    JEL classification:

    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology

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