“Human movements...come to conform to a definite pattern which, although the result of deliberate decision of many people, has yet not been consciously designed by anyone.” - F. A. Hayek
Individuals in society interact in a manner which brings about spontaneous order. As individuals pursue their needs and desires, they discover and create traditions and institutions that provide social stability. The shaping of these institutions is often incidental. Some institutions that arise spontaneously include language and property rights. Individuals take part in and use these institutions in order to simplify interactions and to engage with one another in a consistent, predictable manner.
I, Pencil Extended Commentary: Spontaneous Order ()
Steve Horwitz - What Austrian Economics IS and What Austrian Economics Is NOT
Steve Horwitz - Hayek, the Market Order, and the Fatal Conceit
MARCH 22, 2010 by NICHOLAS SNOW
JANUARY 16, 2009 by SHELDON RICHMAN
Leonard Read's classic essay, "I, Pencil," which is now 50 years old, is justly celebrated as the best short introduction to the division of labor and undesigned order ever written. Read saw an "extraordinary miracle ... [in the] the configuration of creative human energies—millions of tiny know-hows configurating naturally and spontaneously in response to human necessity and desire and in the absence of any human master-minding!" But there's another lesson in "I, Pencil" that has been largely overlooked, perhaps by Read himself. "I, Pencil" is also an excellent primer in the Austrian approach to capital theory. It's worth looking at Read's essay in that light.
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OCTOBER 03, 2012 by STEPHEN GROSS
Some things are the product of human action but not human design.
MAY 02, 2012 by SANDY IKEDA
Who invented money? Who invented market prices? Who invented cities? What about language? The answer is: no one.
MARCH 28, 2012 by TROY CAMPLIN
Spontaneous order is key.
SEPTEMBER 16, 2010 by STEVEN HORWITZ
The most basic insight of economics is fairly simple: the spontaneous order of the market.
MULTIMEDIA - AUDIO
JANUARY 28, 2010 by LEONARD E. READ
Eloquent. Extraordinary. Timeless. Paradigm-shifting. Classic. Half a century after it first appeared, Leonard Read's 'I, Pencil' still evokes such adjectives of praise. Rightfully so, for this little essay opens eyes and minds among people of all ages. Many first-time readers never see the world quite the same again.