Spontaneous Order and the Market Process

Steven Horwitz

Steven Horwitz is Economics Editor at Lib​er​tar​i​an​ism​.org and Distinguished Professor of Free Enterprise at Ball State University. Horwitz has written extensively on Austrian economics, Hayekian political economy, monetary theory and history, and macroeconomics.

Prof. Steve Horwitz describes the concept of spontaneous order, a key theme in the works of Friedrich Hayek. This idea allows us to understand the complexity of the free market system, which exhibits an order and regularity without being deliberately designed by any central authority.

For more, visit Learn​Lib​er​ty​.org.