Skip to main navigation Skip to search Skip to main content

The invisible hand of Friedrich Hayek : submission and spontaneous order

  • Jessica Whyte

Research output: Contribution to journalArticlepeer-review

47 Citations (Scopus)

Abstract

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.
Original languageEnglish
Pages (from-to)156-184
Number of pages29
JournalPolitical Theory
Volume47
Issue number2
DOIs
Publication statusPublished - 2017

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

  1. SDG 16 - Peace, Justice and Strong Institutions
    SDG 16 Peace, Justice and Strong Institutions

Keywords

  • Ferguson_Adam_1723, 1816
  • Foucault_Michel_1926, 1984
  • Hayek_Friedrich A. von (Friedrich August)_1899, 1992
  • self, organizing systems

Fingerprint

Dive into the research topics of 'The invisible hand of Friedrich Hayek : submission and spontaneous order'. Together they form a unique fingerprint.

Cite this