In a society where no central agency coordinates the human activity
of producing, selling and buying, why is there order and not chaos?
This fundamental question has taxed generations of economists.
Hayek's notion of spontaneous order goes some way to providing an
answer. Hayek's Political Economy argues that afer explicitly
rejecting positivism, Hayek was free to embrace reality and offer
an explanation of the process involved in bringing about order.
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