6min chapter

Political Theory 101 cover image

Rawls, Hayek, and Liberalism's Relationship with the Market

Political Theory 101

CHAPTER

The Political Origins of Capitalism

Hayek supposes that the market order is the main example in society of a spontaneous order. But if the corporation has just suggested functions a bit like a state, he says. The relations between companies are analogous to the relations between states. Hayek also didn't consider fully how political the origins of capitalism really were.

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