IDEAS home Printed from https://ideas.repec.org/a/bas/econth/y2002i2p68-87.html
   My bibliography  Save this article

Market Order and Social Institutions: the Theory of F. Haiek and the Newly Emerging Market Economies

Author

Listed:
  • Stefka Koeva

Abstract

Subject of the analysis is the theory of F. A. Haiek about the institutional frame of the spontaneous market order and its contemporary sounding. Studied are the nature, functions and structure of the social functions and the way they generate order. At front is drawn the character of the institutions as information and communication carriers and their role for the economizing of a knowledge. The focus is set on the emerging of the informal rules and conventions, which appear as unintentional consequences from the human activity. The second part is dedicated to the relevance of the theory for the contemporary post-communist reality. Defended is the thesis that the paradigm for the spontaneous market order and its institutional frame is necessary as a philosophy of the new social arrangement in more continuous and global perspective. The messages of Haiek are revealed in its warnings for the danger for the monopoly power of the state in the creation of new norms of the social practice, as well as in the insisting for a policy, leaving sufficient space for the changes in the informal market institutions.

Suggested Citation

  • Stefka Koeva, 2002. "Market Order and Social Institutions: the Theory of F. Haiek and the Newly Emerging Market Economies," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 68-87.
    • Handle: RePEc:bas:econth:y:2002:i:2:p:68-87
    as

    Download full text from publisher

    File URL: http://www.ceeol.com/aspx/issuedetails.aspx?issueid=f4a43dd7-5204-4bcf-ad8f-58e058025cf4&articleid=e8d81009-3736-4776-97a9-1a6599a67855#ae8d81009-3736-4776-97a9-1a6599a67855
    Download Restriction: Free access
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Rey Koslowski, 1992. "Market Institutions, East European Reform, and Economic Theory," Journal of Economic Issues, Taylor & Francis Journals, vol. 26(3), pages 673-705, September.
    2. Vanberg Viktor, 1994. "Hayek's Legacy and the Future of Liberal Thought: Rational Liberalism Vs. Evolutionary Agnosticism," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 5(4), pages 451-482, December.
    3. Vaclav Klaus, 1994. "Systemic Change: The Delicate Mixture of Intentions and Spontaneity," Cato Journal, Cato Journal, Cato Institute, vol. 14(2), pages 171-177, Fall.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Stukach, Victor & Grishaev, Egor, 2008. "Агропродовольственный Рынок Региона: Классификация Институтов, Административные Барьеры, Трансакционные Издержки, Неэффективные Посредники [The region's agro-food market: the classification of inst," MPRA Paper 79290, University Library of Munich, Germany, revised Apr 2017.
    2. Stukach, Victor, 2013. "Применение Почвозащитных Технологий В Регионах, Подверженных Ветровой Эрозии: Механизмы Мотивации Собственников Земли [Application of soil protection technologies in regions prone to wind erosion: ," MPRA Paper 77730, University Library of Munich, Germany, revised Mar 2017.
    3. Philippe DULBECCO, 2000. "The Dynamics of the Institutional Change and the Market Economy: An Austrian Analysis," Working Papers 200010, CERDI.
    4. Voigt Stefan, 1993. "Values, Norms, Institutions and the Prospects for Economic Growth in Central and Eastern Europe," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 4(4), pages 495-530, December.
    5. Stukach, Victor & Astashova, Ekaterina & Shumakova, Oksana, 2006. "Трансакционные Издержки На Аграрном Рынке: Измерение, Регулирование, Оптимизация [Transaction costs in the agrarian market: measurement, regulation, optimization]," MPRA Paper 78031, University Library of Munich, Germany, revised Jan 2017.
    6. J. Pavlík, 1999. "About Misinterpretation of Hayek's Theory of Spontaneous Order and their Negative Impacts on the Transformation Programmme in the Czech Republic," E-LOGOS, Prague University of Economics and Business, vol. 1999(1).
    7. Malini L. Tantri, 2013. "Trajectories of China’s Integration with the World Economy through SEZs: A Study of Shenzhen SEZ," China Report, , vol. 49(2), pages 227-250, May.
    8. Vladimír Baláž, 2006. "Politická ekonómia slovenského kapitalizmu: inštitucionálna a evolučná perspektíva [Political economy of the slovak capitalism from perspective of the institutional and evolutionary economics]," Politická ekonomie, Prague University of Economics and Business, vol. 2006(5), pages 610-631.
    9. Philippe Dulbecco & Marie-Françoise Renard, 2003. "Permanency and Flexibility of Institutions: The Role of Decentralization in Chinese Economic Reforms," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 16(4), pages 327-346, December.
    10. Stefan Voigt, 1999. "Breaking with the Notion of Social Contract: Constitutions as Based on Spontaneously Arisen Institutions," Constitutional Political Economy, Springer, vol. 10(3), pages 283-300, October.
    11. Suri Ratnapala, 2001. "Eighteenth-Century Evolutionary Thought and its Relevance in the Age of Legislation," Constitutional Political Economy, Springer, vol. 12(1), pages 51-75, March.

    More about this item

    JEL classification:

    • B20 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - General
    • D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bas:econth:y:2002:i:2:p:68-87. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Diana Dimitrova (email available below). General contact details of provider: https://edirc.repec.org/data/ikbasbg.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.