Spontaneous Market Order and Social Rules

Economics and Philosophy 2 (1):75 (1986)
Abstract
Discoverers of “market failures” as well as advocates of the general efficiency of a “true, unhampered market” sometimes seem to disregard the fundamental fact that there is no such thing as a “market as such.” What we call a market is always a system of social interaction characterized by a specific institutional framework, that is, by a set of rules defining certain restrictions on the behavior of the market participants, whether these rules are informal, enforced by private sanctions, or formal, enforced by a particular agency, the “protective state,” in J. M. Buchanan's terminology
Keywords No keywords specified (fix it)
Categories (categorize this paper)
DOI 10.1017/S0266267100000808
Options
 Save to my reading list
Follow the author(s)
Edit this record
My bibliography
Export citation
Find it on Scholar
Mark as duplicate
Request removal from index
Revision history
Download options
Our Archive


Upload a copy of this paper     Check publisher's policy     Papers currently archived: 30,122
Through your library
References found in this work BETA
Convention: A Philosophical Study.David Lewis - 1969 - Harvard University Press.
A Treatise of Human Nature.David Hume - 1739/2000 - Oxford University Press.
Hayek's Theory of Cultural Group Selection.David Ramsay Steele - 1987 - Journal of Libertarian Studies 8 (2):171-95.
Ulysses and the Sirens: Studies in Rationality and Irrationality.Jon Elster (ed.) - 1979 - Editions De La Maison des Sciences De L'Homme.

View all 15 references / Add more references

Citations of this work BETA
The History of Hayek's Theory of Cultural Evolution.E. Angner - 2002 - Studies in History and Philosophy of Science Part C 33 (4):695-718.

View all 9 citations / Add more citations

Similar books and articles
Added to PP index
2010-08-10

Total downloads
73 ( #73,973 of 2,191,265 )

Recent downloads (6 months)
6 ( #33,117 of 2,191,265 )

How can I increase my downloads?

Monthly downloads
My notes
Sign in to use this feature