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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

Suggested Citation

  • Stefano Fiori, 2006. "The emergence of institutions in Hayek’s theory: two views or one?," Constitutional Political Economy, Springer, vol. 17(1), pages 49-61, March.
  • Handle: RePEc:kap:copoec:v:17:y:2006:i:1:p:49-61
    DOI: 10.1007/s10602-006-6793-y
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    References listed on IDEAS

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    1. Viktor Vanberg & Wolfgang Kerber, 1994. "Institutional competition among jurisdictions: An evolutionary approach," Constitutional Political Economy, Springer, vol. 5(2), pages 193-219, March.
    2. Stefano FIORI, 1996. "Conoscenza e informazione in F.A. von Hayek," Working Papers 84, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali.
    3. Denzau, Arthur T & North, Douglass C, 1994. "Shared Mental Models: Ideologies and Institutions," Kyklos, Wiley Blackwell, vol. 47(1), pages 3-31.
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    7. Ulrich Witt, 2006. "Evolutionary Economics," Papers on Economics and Evolution 2006-05, Philipps University Marburg, Department of Geography.
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    9. Elias Khalil, 1997. "Friedrich Hayek's Theory of Spontaneous Order: Two Problems," Constitutional Political Economy, Springer, vol. 8(4), pages 301-317, December.
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    11. Khalil, Elias L, 1996. "Friedrich Hayek's Darwinian Theory of Evolution of Institutions: Two Problems," Australian Economic Papers, Wiley Blackwell, vol. 35(66), pages 183-201, June.
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    13. Hodgson, Geoffrey M., 1991. "Hayek's Theory of Cultural Evolution: An Evaluation in the Light of Vanberg's Critique," Economics and Philosophy, Cambridge University Press, vol. 7(01), pages 67-82, April.
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    Cited by:

    1. 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.
    2. 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.

    More about this item

    Keywords

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

    JEL classification:

    • B4 - Schools of Economic Thought and Methodology - - Economic Methodology
    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School

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