IDEAS home Printed from https://ideas.repec.org/a/aic/revebs/y2008i2pohoatai.html
   My bibliography  Save this article

The Institutional Dimension Of Hayek’s Work

Author

Listed:
  • Ion POHOATA

Abstract

Hayek is not an institutionalist in the usual sense. As he did not belong to any school, the relationship with institutionalism was not an exception. However Hayek alone is a school, a world of ideas. One having powerful contact points or interference areas that are both the object and subject of a complex research called NIE (New Institutional Economics) for more than three decades. Influence is not our concern here. However, we believe that if neoinstitutionalists considered him as one of „their own”, as Adam Smith should proceed, they would have a lot to gain. Being close to their names would bring them more glory. They have enough reasons to do it. Topics such as spontaneous and manufactured order, the type of order in a free society, the rules – source of the state, the source of good rules of conduct, etc., the fertile dialogue with spirit aristocrats such as Hayek or Smith could bring only gains.

Suggested Citation

  • Ion POHOATA, 2008. "The Institutional Dimension Of Hayek’s Work," Review of Economic and Business Studies, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, issue 2, pages 19-28, November.
    • Handle: RePEc:aic:revebs:y:2008:i:2:pohoatai
    as

    Download full text from publisher

    File URL: http://rebs.ro/resource/REBS_2/Essay/Pohoata_I_-_The_Institutional_Dimension_Of_Hayek_s_Work.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Hayek, F. A., 1981. "Law, Legislation and Liberty, Volume 3," University of Chicago Press Economics Books, University of Chicago Press, number 9780226320908, September.
    2. repec:ucp:bkecon:9780226320625 is not listed on IDEAS
    3. Hoppe, Hans-Hermann, 1994. "F. A. Hayek on Government and Social Evolution: A Critique," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 7(1), pages 67-93.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Otto Brøns-Petersen & Søren Havn Gjedsted, 2021. "Climate change and institutional change: what is the relative importance for economic performance?," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 23(2), pages 333-360, April.
    2. Elias Khalil, 1997. "Friedrich Hayek's Theory of Spontaneous Order: Two Problems," Constitutional Political Economy, Springer, vol. 8(4), pages 301-317, December.
    3. John Meadowcroft & Mark Pennington, 2008. "Bonding and bridging: Social capital and the communitarian critique of liberal markets," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 21(2), pages 119-133, September.
    4. Funk, Matt, 2008. "On the Problem of Sustainable Economic Development: A Theoretical Solution to this Prisoner's Dilemma," MPRA Paper 19025, University Library of Munich, Germany, revised 08 Jun 2008.
    5. Buda, Rodolphe, 1999. "Market Exchange Modelling Experiment, Simulation Algorithms, and Theoretical Analysis," MPRA Paper 4196, University Library of Munich, Germany, revised 2000.
    6. Adam Gifford, 2002. "The Evolution of the Social Contract," Constitutional Political Economy, Springer, vol. 13(4), pages 361-379, December.
    7. Weede Erich, 2015. "Von Hayek lernen: Wissen und Freiheit, Recht und Gesetzgebung / Learning from Hayek: Knowledge and Liberty, Law and Legislation," ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, De Gruyter, vol. 66(1), pages 81-96, January.
    8. Thomas J. Nechyba, 2001. "Social Approval, Values, and AFDC: A Reexamination of the Illegitimacy Debate," Journal of Political Economy, University of Chicago Press, vol. 109(3), pages 637-666, June.
    9. Bednarik, Radek & Filipova, Lenka, 2009. "The role of religion and political regime for human capital and economic development," MPRA Paper 14556, University Library of Munich, Germany.
    10. J. Pavlík, 1999. "About Misinterpretation of Hayek's Theory of Spontaneous Order and their Negative Impacts on the Transformation Programmme in the Czech Republic," E-LOGOS, Prague University of Economics and Business, vol. 1999(1).
    11. Köhler, Ekkehard & Kolev, Stefan, 2011. "The conjoint quest for a liberal positive program: "Old Chicago", Freiburg and Hayek," HWWI Research Papers 109, Hamburg Institute of International Economics (HWWI).
    12. Enrico Colombatto, 2014. "Hayek and economic policy (the Austrian road to the third way)," Chapters, in: Roger W. Garrison & Norman Barry (ed.), Elgar Companion to Hayekian Economics, chapter 15, pages 343-363, Edward Elgar Publishing.
    13. Franklin Mixon & Jared Loftus & Windy Keene, 2005. "The decay of norms and the production of social order: conceptual and empirical models," Applied Economics Letters, Taylor & Francis Journals, vol. 12(1), pages 1-6.
    14. Jerry Jordan & John Carlson, 2000. "Money, Monetary Policy, and Central Banking," Journal of Financial Services Research, Springer;Western Finance Association, vol. 18(2), pages 241-253, December.
    15. Niclas Berggren, 2009. "Choosing one’s own informal institutions: on Hayek’s critique of Keynes’s immoralism," Constitutional Political Economy, Springer, vol. 20(2), pages 139-159, June.
    16. E. Colombatto, 2006. "On economic growth and development," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 19(4), pages 243-260, December.
    17. Martin Leschke, 2000. "Constitutional Choice and Prosperity: A Factor Analysis," Constitutional Political Economy, Springer, vol. 11(3), pages 265-279, September.
    18. Niclas Berggren, 2006. "Legal positivism and property rights: a critique of Hayek and Peczenik," Constitutional Political Economy, Springer, vol. 17(3), pages 217-235, September.
    19. Fernando, Estrada & Jorge Ivan, Gonzalez & Alberto, Castrillon & Mauricio, Perez, 2010. "Problemas fiscales y redistributivos en Colombia [Redistributive fiscal problems in Colombia]," MPRA Paper 20518, University Library of Munich, Germany.
    20. Emily Chamlee-Wright & Justus Myers, 2008. "Discovery and social learning in non-priced environments: An Austrian view of social network theory," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 21(2), pages 151-166, September.

    More about this item

    Keywords

    institutions; spontaneous and created order; Hayek; rule of law;
    All these keywords.

    JEL classification:

    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School
    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aic:revebs:y:2008:i:2:pohoatai. See general information about how to correct material in RePEc.

    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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sireteanu Napoleon-Alexandru (email available below). General contact details of provider: https://edirc.repec.org/data/feaicro.html .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.