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Will Mechanism Design Set Us Free? Algorithmic Institutions and Hayekian Liberty

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  • Kevin Leportier

    (CREM - Centre de recherche en économie et management - UNICAEN - Université de Caen Normandie - NU - Normandie Université - UR - Université de Rennes - CNRS - Centre National de la Recherche Scientifique, INSPÉ Normandie Caen - Institut national supérieur du professorat et de l'éducation - Normandie Caen - UNICAEN - Université de Caen Normandie - NU - Normandie Université)

Abstract

This paper examines whether the algorithmic institutions developed within market design are compatible with the Hayekian conception of liberty as the absence of coercion. While market design is often presented as a continuation of Hayekian insights regarding dispersed knowledge and decentralized coordination, this paper argues that Hayekian liberty depends on more than decentralized choice. It also requires a stable institutional environment within which individuals can form coherent plans and learn from experience. Algorithmic institutions tend to weaken this stability, thereby undermining Hayekian liberty.

Suggested Citation

  • Kevin Leportier, 2026. "Will Mechanism Design Set Us Free? Algorithmic Institutions and Hayekian Liberty," Post-Print hal-05676848, HAL.
    • Handle: RePEc:hal:journl:hal-05676848
    Note: View the original document on HAL open archive server: https://hal.science/hal-05676848v1
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