This is part of “The Best of the Online Library of Liberty” which is a collection of some of the most important material in the OLL. This essay is by the Austrian economist and social theorist Friedrich Hayek in which he gives one of the most concise explanations of the difference between “constructed” orders and “spontaneous” orders. He focuses on the example of the division of labor as one of the key institutions of the free market which is a complex order not designed by any individual person.
About Liberty Fund:
Liberty Fund, Inc. is a private, educational foundation established to encourage the study of the ideal of a society of free and responsible individuals.
The copyright to this edition, in both print and electronic forms, is held by Liberty Fund, Inc.
Fair use statement:
This material is put online to further the educational goals of Liberty Fund, Inc. Unless otherwise stated in the Copyright Information section above, this material may be used freely for educational and academic purposes. It may not be used in any way for profit.