Institutions, Agglomeration Economies, and Interstate Migration
David Emanuel Andersson & James Taylor
What the paper says
The market is not the only spontaneous order. Hayek himself drew attention to language and English common law as other examples, noting that they had first been identified as such by Scottish Enlightenment philosophers such as Adam Smith and Adam Ferguson. Hence, such orders “are made with equal blindness to the future; and nations stumble upon establishments, which are indeed the results of human action, but not the execution of any human design” (Ferguson, 1782, sec. II). In the 20th century, Michael Polanyi used the term spontaneous order for the polycentric feedback system that explains the growth of scientific knowledge (Polanyi, 1962).
11 citations
Evidence weight
Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40
| F · citation impact | 0.60 × 0.4 = 0.24 |
| M · momentum | 0.80 × 0.15 = 0.12 |
| V · venue signal | 0.50 × 0.05 = 0.03 |
| R · text relevance † | 0.50 × 0.4 = 0.20 |
† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.