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In a society where no central agency coordinates the human activity of producing, selling and buying, why is there order and not chaos? This fundamental question has taxed generations of economists. Hayek's notion of spontaneous order goes some way to providing an answer. Hayek's Political Economy argues that afer explicitly rejecting positivism, Hayek was free to embrace reality and offer an explanation of the process involved in bringing about order.
Steve Fleetwood spent most of his adult life as a professional cycle racer. After retiring from his sporting career, he studied social studies and economics at Liverpool Polytechnic and Cambridge University. He has a PhD from Cambridge and is now Senior Lecturer at De Montfort University.
Chapter 1 Introduction; Chapter 2 Philosophy; Chapter 3 The Philosophy Underlying Hayek II's Socio-Economic Theory; Chapter 4 The Methodology Underlying Hayek II's Socio-Economic Theory; Chapter 5 The Implications of Hayek II's Philosophy and Method for his Socio-Economic Theory; Chapter 6 Hayek III's Quasi-Transcendental Realist Philosophy; Chapter 7 Knowledge, Ignorance and Social Rules of Conduct; Chapter 8 Rules and the Cognitive Psychology Underpinning Rule-Following; Chapter 9 The Articulation between Social Rules of Conduct and the Tele-Communications System; Chapter 10 Hayek III's Transformational Conception of Spontaneous Socio-Economic Order;
