Hayek described the global market as transcendent and beyond representation

Evidence

My narrative has pointed to a paradox at the heart of Hayek’s thought and what I have called Geneva School neoliberalism. On the one hand, the world economy had to be defended against the excesses of democracy. On the other hand, the world economy itself was invisible and beyond reason and repre­sen­ta­tion. Hayek was explicit when he wrote that “the only appropriate word” for the global market, or what he calls “the extended order,” is “transcendent.” In “its literal meaning,” the world market “far surpasses the reach of our understanding, wishes and purposes, and our sense perceptions, and that which incorporates and generates knowledge which no individual brain, or any single organ­ization, could possess or invent.” — Quinn Slobodian, Globalists, 865

Categorization

• DEFINE: Hayek’s own term ‘the extended order’ as transcendent — a core conceptual framing for the book’s thesis.
• XREF: connects to: Capitalism’s non-political nature enabled its global penetration beyond state reach — Anthony Giddens, The Consequences of Modernity, 174; Capitalism created the first global economy based on economics rather than politics — Anthony Giddens, The Consequences of Modernity, 173

Broader Connections

• Capitalism’s non-political nature enabled its global penetration beyond state reach #expands (0.82) — Anthony Giddens, The Consequences of Modernity, 174
• Capitalism created the first global economy based on economics rather than politics #qualifies (0.78) — Anthony Giddens, The Consequences of Modernity, 173