The Invisible Hand of Friedrich Hayek
Submission and Spontaneous Order
Bibliographic Data
| ID | 6350677 |
|---|---|
| Authors | Jessica Whyte (0000-0001-9883-3518, Western Sydney University, Penrith South, New South Wales, Australia, corresponding author) |
| Year | 2019 |
| Volume | 47 |
| Issue | 2 |
| Pages | 156-184 |
| Publication date | 2019-04-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Political Theory (JOURNAL) |
| Journal identifiers | ISSN: 0090-5917 • E-ISSN: 1552-7476 |
| Publisher | SAGE Publications Inc (PUBLISHER) |
| DOI | 10.1177/0090591717737064 |
| OpenAlex | W2767844461 |
| Language | EN |
| Citations received | 30 |
Friedrich Hayek’s account of “spontaneous order” has generated increasing interest in recent decades. His argument for the superiority of the market in distributing knowledge without the need for central oversight has appealed to progressive democratic theorists, who are wary of the hubris of state planning and attracted to possibilities for self-organization, and to Foucaultians, who have long counseled political theory to cut off the King’s head. A spontaneous social order, organized by an invisible hand, would appear to dispense with arbitrary power and foster creativity and individual liberty. This article challenges this view by highlighting the centrality of submission to Hayek’s account of spontaneous order. It shows that Hayek struggles to obscure the providentialism underpinning the account of social order he derives from Adam Ferguson and the Scottish Enlightenment. Nonetheless, his own account of spontaneous order relies on faith in the workings of the market, and submission to unintelligible market forces
Argument (complex analysis · Economics · Epistemology · Hubris · Invisible hand · Law and economics · Neoclassical economics · Order (exchange · Political science · Politics · Positive economics · Power (physics · Social contract · Social order · Sociology · Spontaneous order · Economic Theory and Institutions · Law · Philosophy · Political Economy and Marxism · Weber, Simmel, Sociological Theory
Individualism Without Individuality
Rethinking of Marxist perspectives on big data, artificial intelligence (AI) and capitalist economic development
The uneven geographies of trust(s)
Planning’s ecologies
Divine Democracy
Forests as Markets
‘Spontaneous Order’ and the market
The Juggernaut of Modernity Collapses. The Crisis of Social Planification in the Post Covid-19 era
A Truly Invisible Hand
Belonging to Spontaneous Order
Weakness by design
Neoliberal taxation regimes and the articulation of sovereign state power
Jeopardizing liberal democracy
Coming to terms with the market
Extra general opinion, nulla opinion
Hayek's Spiritual Science
Knowledge, Communication, and Anti-Critical Publicity
Conspiracy? What Conspiracy
The Eighteenth Brumaire of James Buchanan
The 'Optimistic Cruelty' of Hayek's Market Order
Spontaneous Order and the History of Nihilism
Capitalism and the state
The More-Than-Human Life of Capitalism
Everything Old is "Neo" Again
Invisible Hand-in-Glove? The Uneasy Intersections of Friedrich Hayek's Neoliberalism and 'Abdu'l-Bahá's Bahá'í Economics
What Is Spontaneous Order
Toward an Austro-Libertarian Sociology
Performing Agency Theory and the Neoliberalization of the State
Of men and markets
Life-protecting neoliberalism
| Unique citing works | 30 |
|---|---|
| Citations per year | 4,29 |
| Citation span | 2019 - 2026 (8) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 29 |