Hayek’s extended order subordinates political authority to market discipline

Evidence

Hayek explained the necessity of absolute individual and collective submission to the exacting disciplines of the market as an unknowable “extended order” that supersedes the legitimate political authority vested in the state: “Modern economics explains how such an extended order… — Shoshana Zuboff, The Age of Surveillance Capitalism, 120

Categorization

• DEFINE: Defines Hayek’s ‘extended order’ concept as the epistemic justification for market supremacy over the state.
• XREF: connects to: Hayek saw collectivist mass politics as the long-standing destroyer of free markets. — Jessica Whyte, The Morals of the Market: Human Rights…, 69; Hayekian neoliberalism requires active rule-design to insulate markets from politics — Jessica Whyte, The Morals of the Market: Human Rights…, 360; Hayek preferred a liberal dictator over a democracy that impinges on markets — Jessica Whyte, The Morals of the Market: Human Rights…, 363 (+5 more)

Broader Connections

• Hayek preferred a liberal dictator over a democracy that impinges on markets #exemplifies (0.92) — Jessica Whyte, The Morals of the Market, 363
• Hayekian neoliberalism requires active rule-design to insulate markets from politics #expands (0.90) — Jessica Whyte, The Morals of the Market, 360
• Neoliberals conditioned self-government on accepting market discipline #corroborates (0.90) — Jessica Whyte, The Morals of the Market, 297
• Neoliberal order theorists saw authoritarian state coercion as protecting the market’s spontaneous order #expands (0.88) — Jessica Whyte, The Morals of the Market, 364
• Hayek endorsed suspending freedom to preserve market institutions long-term #expands (0.85) — Jessica Whyte, The Morals of the Market, 362
• Hayek held liberalism adaptive, maximizing spontaneity and minimizing coercion #qualifies (0.80) — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 565