Rules, Function, and the Invisible Hand: An Interpretation of Hayek's Social Theory.

Item request has been placed! ×
Item request cannot be made. ×
loading   Processing Request
  • Author(s): Heath, Eugene
  • Source:
    Philosophy of the Social Sciences. Mar1992, Vol. 22 Issue 1, p28. 18p.
  • Additional Information
    • Subject Terms:
    • Abstract:
      Hayek's social theory presupposes that rules are unintended consequences of individual actions. This essay explicates one kind of Hayekian explanation of that claim. After noting the kinds of rules that Hayek believes are subject to such a theory, the essay distinguishes three functional explanations advocated by Hayek. He combines one of these functional explanations with an invisible hand explanation. A schema suitable for constructing invisible hand-functional evolutionary theories is employed to outline this combination. [ABSTRACT FROM AUTHOR]
    • Abstract:
      Copyright of Philosophy of the Social Sciences is the property of Sage Publications Inc. and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)