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Two Views on Social Stability: An Unsettled Question
Authors:Jack  Birner Ragip  Ege
Institution:Jack Birner is Professor of Economics at Maastricht University and the Laboratory of Cognitive Science at the University of Trento. His publications include Hayek, Co-ordination and Evolution: His Legacy in Philosophy, Politics. Economics, and the History of Ideas;, co-editor with Rudy van Zijp. Routledge. 1994: and "Cambridge Histories True and False." in C. Marcuzzo, L. pasinetti and A. Honcaglia (eds.). The Economics of Joan Robinson, Routledge. 1996.Ragip Ege is Professor of Economics at BETA. UniversitéLouis Pasteur, Strasbourg, France. Ege has published articles about Friedrich A. Hayek and Karl Marx in Revue He Ecouomique and Revue Economie dPolitique. Recently he has co-authored with R. dos Santos Fereira, "Le Temps et la conception du capitalistic chez Marx," in the 1988 volume of Revue dEconomique Politique.
Abstract:A bstract Emil Durkheim published The Division of Labour in Society as part of his strategy to create a place for sociology as a science independent from economics. The book describes how social cohesion and cooperation evolve spontaneously in the course of the process of the division of labour. Friedrich Hayek developed a theory of markets and competition which was later extended into a theory of society, in which spontaneous evolution is a central element. The main force behind this process is competition and the evolution of coordination. Both authors address the problem of social stability. Hayek rejects Durkheim's analysis as constructivistic, but his criticism is unjustified. Further analysis reveals many similarities between the two authors theories of societal evolution. A striking point of convergence is that Hayek's theory of markets is a network theory, and that sociological network theory is directly inspired by Durkheim's work. The main differences are Hayek's emphasis on the division of knowledge and on coordination as the fundamental stabilising forces as opposed to Durkheim's stress on the division of labour and cooperation. The network approach, together with an elaboration of Hayek's psychology, offer perspectives for integrating coordination and cooperation into a unified theory of social stability.
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