The book shows the complex interplay between top-down or directed structures (what Hayek and others have called taxis organizations) and far more complex orders of the social or psychological cosmos in which they are embedded as constituents. It details how the key to the market orders of society depends upon their capacity to impersonally convey information to agents. Markets can serve unknown and unforeseen ends for individuals who do not know or have contact with other market participants. This is a vastly more powerful and productive system than anything that can arise in a tribal or face-to-face organization limited to personal contact, such as the sort proposed by the constructivists. The book will be of interest to academics and scholars in classical liberalism, economics and political philosophy.
Walter B. Weimer is Emeritus Professor of Psychology at the Pennsylvania State University. He was instrumental in bringing Hayek's philosophical psychology both to a psychology audience and to an economics audience.
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