Spontaneous order
Theory of economy and sociology
Theory of economy and sociology
In economics and the social sciences, spontaneous order is the emergence of large-scale patterns of social coordination from the actions of many individuals, none of whom intends or designs the overall results. The Austrian economist Friedrich Hayek is the best known modern exponent of the idea, borrowing from the Scottish Enlightenment philosopher Adam Ferguson, he characterizes spontaneous order as "the result of human action but not of human design". Common examples of spontaneous order include language, morality, common law system, money, markets, evolution of life on Earth, crystal structure, the Internet, Wikipedia, and free market economy.
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