caa a22 4500 397572956 CHVBK 20180308164846.0 cr unu---uuuuu 161202e199611 xx s 000 0 eng 10.1093/oxfordjournals.cje.a013647 doi (NATIONALLICENCE)oxford-10.1093/oxfordjournals.cje.a013647 Fleetwood Steve De Montfort University Leicester Order without equilibrium: a critical realist interpretation of Hayek's notion of spontaneous order [Elektronische Daten] [Steve Fleetwood] An economic system requires a principle of organisation. An adequate theory has to uncover and elaborate this principle. Hayek rejects the principle of equilibrium, opting instead for a transformational principle of order. A theory of the latter requires an elaboration of real market processes, and the social structures and mechanisms that govern these processes. The structures and mechanisms that Hayek elaborates upon are social rules and the telecommunication system of prices. The philosophical approach Hayek adopts to obtain this transformational principle is a quasi-critical realist one. This critical realist interpretation of Hayek's notion of order illustrates that one can abandon equilibrium without falling into analytical anarchy. © 1996 Academic Press Limited Articles nationallicence Cambridge Journal of Economics Oxford University Press 20/6(1996-11), 729-747 0309-166X 20:6<729 1996 20 cameco https://doi.org/10.1093/oxfordjournals.cje.a013647 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1093/oxfordjournals.cje.a013647 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Fleetwood Steve De Montfort University Leicester NATIONALLICENCE 773 0- Cambridge Journal of Economics Oxford University Press 20/6(1996-11), 729-747 0309-166X 20:6<729 1996 20 cameco Metadata rights reserved CC BY-NC-4.0 http://creativecommons.org/licenses/by-nc/4.0 nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-oxford