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Darwinian paradigm, cultural evolution and human purposes: on F.A. Hayek’s evolutionary view of the market

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  • Viktor Vanberg

Abstract

The claim that the Darwinian paradigm of blind-variation-and-selective-retention can be generalized from the biological to the socio-cultural realm has often been questioned because of the critical role played by human purposeful design in the process of cultural evolution. In light of the issue of how human purposes and evolutionary forces interact in socio-economic processes the paper examines F.A. Hayek’s arguments on the “extended order” of the market (capitalism), in particular with regard to their policy implications. Its focus is on the tension that exists in Hayek’s work between a rational liberal and an agnostic evolutionary perspective. A re-construction of his arguments is suggested that allows for a reconciliation of these seemingly contradictory views. Copyright Springer-Verlag Berlin Heidelberg 2014

Suggested Citation

  • Viktor Vanberg, 2014. "Darwinian paradigm, cultural evolution and human purposes: on F.A. Hayek’s evolutionary view of the market," Journal of Evolutionary Economics, Springer, vol. 24(1), pages 35-57, January.
    • Handle: RePEc:spr:joevec:v:24:y:2014:i:1:p:35-57
    DOI: 10.1007/s00191-013-0305-9
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    References listed on IDEAS

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    1. Georgy Levit & Uwe Hossfeld & Ulrich Witt, 2011. "Can Darwinism be “Generalized” and of what use would this be?," Journal of Evolutionary Economics, Springer, vol. 21(4), pages 545-562, October.
    2. Hayek, Friedrich A. von, 1979. "Wissenschaft und Sozialismus," Beiträge zur Ordnungstheorie und Ordnungspolitik, Mohr Siebeck, Tübingen;Walter Eucken Institut, Freiburg, Germany, edition 1, volume 71, number urn:isbn:9783163418219, December.
    3. Howard Aldrich & Geoffrey Hodgson & David Hull & Thorbjørn Knudsen & Joel Mokyr & Viktor Vanberg, 2008. "In defence of generalized Darwinism," Journal of Evolutionary Economics, Springer, vol. 18(5), pages 577-596, October.
    4. Schelling, Thomas C, 1978. "Egonomics, or the Art of Self-Management," American Economic Review, American Economic Association, vol. 68(2), pages 290-294, May.
    5. repec:ucp:bkecon:9780226320670 is not listed on IDEAS
    6. Viktor Vanberg, 1997. "Institutional Evolution through Purposeful Selection: The Constitutional Economics of John R. Commons," Constitutional Political Economy, Springer, vol. 8(2), pages 105-122, June.
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    Citations

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    Cited by:

    1. Viktor J. Vanberg, 2023. "Liberalism and democracy: legitimacy and institutional expediency," Public Choice, Springer, vol. 195(3), pages 251-268, June.
    2. Pavel Kuchař, 2016. "Entrepreneurship and institutional change," Journal of Evolutionary Economics, Springer, vol. 26(2), pages 349-379, May.
    3. Rasim Serdar Kurdoglu, 2020. "The Mirage of Procedural Justice and the Primacy of Interactional Justice in Organizations," Journal of Business Ethics, Springer, vol. 167(3), pages 495-512, December.
    4. Félix-Fernando Muñoz & María-Isabel Encinar, 2019. "Some elements for a definition of an evolutionary efficiency criterion," Journal of Evolutionary Economics, Springer, vol. 29(3), pages 919-937, July.

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    More about this item

    Keywords

    Darwinian paradigm; Cultural evolution; Institutional design; Liberalism; B25; B52; B53;
    All these keywords.

    JEL classification:

    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • B53 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Austrian

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