Economic Reasoning and Interaction in Socially Extended Market Institutions

Newly published as open access in Frontiers in Psychology. At long last Hayek makes an appearance outside of Austrian and behavioral circles though myself and others been banging on about him as a situated theorist for yonks. See Bill Butos’ (ed.) The Social Science of Hayek’s The Sensory Order.

economic reasoning is never just an individual process carried out by an autonomous individual, classically understood. In this regard, understanding the concept of relational autonomy allows us to see how economic reasoning is always embodied, embedded in, and scaffolded by intersubjective interactions, and how such interactions make the market what it is.