I can quickly explain Hayek’s spontaneous order theory, as it seems misunderstood, it actually originates from Immanuel Kant
I saw people on this board questioning what he meant by spontaneous order and inventions are spontaneously created not centrally planned. Also, many people might be surprised Immanuel Kant is a huge Austrian Economics influence because of Ayn Rand’s hatred of him, but she clearly didn’t understand alot of what he said. Also, he had alot of bad ideas. Hayek quotes him in Fatal Conceit and on his appearance on the William Buckley show, so I am not making this up. So basically in Kant’s essay Idea for a Universal History from a Cosmopolitan Point of View, he explains humans don’t have a plan like a beaver or a bee. You are not born with the objective of making a dam or a hive. Therefore you cannot centrally plan for the future. In economic terms, Bell Labs, which was a research company funded the telephone companies, in the 60s, 70s and 80s, when telephones were cutting edge technology, created programming language C and C++. Everyone who made these language was born in the 40s when high level programming language were not a thing. C++ was actually inspired by a useless programming language caled Stimula 67. So, the point being, no one in the 40s could predict that these men would create C at a telephone company, then a useless language Stimula 67, would lead to the creation of C++ which is used today. This all came about because the telephone companies did R & D to stay competitive. submitted by /u/CoveredbyThorns |