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In his discussions of spontaneous orders, sometimes Hayek was simply trying to make the point that they exist; that is, he was trying to counter the claim that any beneficent social order needed to be constructed. This view was widespread when he first was writing; the mania for planning was then ubiquitous, so it was a point worth making. In later writings, Hayek sometimes did say, let's trust to evolved orders rather than constructed ones, but then allowed that sometimes we needed to make piece-meal changes, and he gave no criteria for deciding.
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He linked the notion of a spontaneous order that forms when agents follow (often simple) rules with the idea of complex systems in the 1950s. This was a critical breakthrough, for it allowed him to drop the old natural science-social science dichotomy...
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Hayek is a puzzle. Certainly he started out as one for me, now some twenty-odd years ago.
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There are two elements of Hayek's background that justify our considering him an Austrian economist: first, that he was raised and went to university in Vienna in the first three decades of the twentieth century, and second, that when he finally decided on economics as his field of study, he was trained within the Austrian tradition in economics.
Bruce Caldwell
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Alfred Nobel stipulated that no distinction of race or colour will determine who received of his generosity.
Abdus Salam
Bruce Caldwell
Born:
1952
(age 72)
Bio:
Bruce J. Caldwell is an American historian of economics, Research Professor of Economics at Duke University, and Director of the Center for the History of Political Economy.
Known for:
Hayek's Challenge (2004)
How To Paint Flames (2005)
Bruce Caldwell on Wikipedia
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