Austrian Theory and Economic Organization: Reaching Beyond Free Market Boundaries


The first volume (of two) edited by Guinevere Liberty Nell.

The Austrian economic school famously predicted and explained the problems of calculation in a socialist society. With their concept of spontaneous order, they challenged mainstream economists to look beyond simplified static models and consider the dynamic and evolutionary characteristics of social orders. However, many feel that Austrians took their victory too far and became ideologically devoted to laissez-faire.

Austrian Theory and Economic Organization is a collection of essays on problems and possibilities in economic organization, written by economists and political scientists with an interest in the dynamic and evolutionary nature of market economies. Each chapter explores areas of potential agreement between Austrian theory, market socialist economics, and other heterodox schools of economic and political science. The collection aims to bridge cultural and political divisions between free market advocates who stress individual rights and left-leaning thinkers who stress social justice and a culture of solidarity.



With the cessation of operations for the journal Studies in Emergent Order C+T have agreed to host and make available SIEO’s full back catalogue of papers comprising a Who’s Who of Austrians and their sympathizers.




Coming Soon: C+T 1.2

Frederick Turner — “Quality, quantity, granularity, and thresholds of emergence”

Stefano Moroni — “Two different theories of two distinct spontaneous phenomena: orders of actions and evolution of institutions in Hayek”

Chor-yung Cheung — “Hayek on Nomocracy and Teleocracy: a critical assessment”

Lauren K. Hall — “Guiding the invisible hand: spontaneous orders and the problem of character”

Joseph Isaac Lifshitz — “Spontaneous order theory in a Heideggerian context”

The Neuroscience of Freedom and Creativity

Earlier this year I trailed Joaquín Fuster’s latest book that he so kindly sent me as an uncorrected galley. I’m pleased to report that the book is now finally available. Not surprisingly, Hayek features in this work. If anyone suitably qualified would like to review this book for The Journal of Mind and Behavior or Cognitive Systems Research, please let me know. Pat Churchland has given it a resounding thumbs up.


Hayek in The Stanford Encyclopedia of Philosophy

It’s about time that Hayek had a dedicated entry in the SEP. I’ve been “lobbying” for FAH’s inclusion for some time now. Here is the stated brief of the article:

This essay concentrates on this enduring theme [spontaneous order] of Hayek’s work, and a question: why would the scholar who did more than anyone in the twentieth century to advance our understanding of price signals and the emergence of spontaneous orders also be driven to claim that social justice is a mirage?

This is fine but it really should only be a subsection to an entry that has FAH as the title. It’s a shame that a broader conspectus isn’t on offer much like the entries on Popper and Berlin. How can one  appreciate the depth of Hayek’s social theory without taking cognizance of The Sensory Order (1952)? – there is a link between Hayek’s philosophical psychology and spontaneous order. Also missing, again from 1952, is The counter-revolution of science: Studies on the abuse of reason - surely an important work for Hayek’s philosophy of social science.

There is nothing wrong with the entry – it’s just disappointing for the novice to Hayek (or the preconceived caricatures that abound) that Hayek’s full breadth and depth is not made apparent (maybe there are supplementary articles in the works). And why is there a reference under “Other Internet Resources” to Matt Zwolinski’s “Libertarianism” in the Internet Encyclopedia of Philosophy? Arguably one of the best internet resources (if not the best) is Greg Ransom’s aptly titled site Taking Hayek Seriously.

Spontaneous order, as a species of emergent phenomena, is not at all dealt with in an analytical way as befits the SEP. The concept is perhaps Hayek’s most problematic and contentious concept notwithstanding being one of the slipperiest of terms within philosophy at large. The concept is a critical element of the five-faceted cornerstone of Hayek’s philosophy of social science: the others being complexity, the dispersion of knowledge, rationality and methodological individualism.

Speaking of long overdue SEP entries how about Herbert Simon and Michael Oakeshott?