Many commentators have pointed out the presence of a tension, even a contradiction or inconsistency, between two theses advanced by Friedrich Hayek: that the growth of institutions ought to be spontaneous rather than consciously designed, and that the conscious design of a constitution is necessary, so as to secure a desirable social order. Our paper shows via textual analysis that, far from being irreconcilable, these two theses, on the contrary, complement each other.
Decker's translation of Ownership Economics serves as a concise introduction to the work of Heinsohn and Steiger. Unfortunately, this introduction produces more questions than answers. The authors seem to overstate the uniqueness of their approach relative to alternative schools and yet still manage to reach very different conclusions. Making sense of the arguments presented here in a somewhat cursory form will almost certainly require delving deeper into their work.
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