Boundaries of Order (Butler Shaffer)
- Highlight Loc. 690-94 | Added on Sunday, December 25, 2011, 02:59 PM
As Hayek has expressed it, the spontaneous ordering of social systems requires us to “allow each individual element to find its own place within the larger order.” This process requires that dispersed information be utilized by many different individuals, unknown to one another, in a way that allows the different knowledge of millions to form an exosomatic or material pattern. Every individual becomes a link in many chains of transmission through which he receives signals enabling him to adapt his plans to circumstances he does not know.14
