You realize the production of commodities, legal systems, property norms and market regulations require command hierarchies to function right? Without these processes, how could these 'price signals' become intelligible?
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Replying to @Dick71224996 @cyborg_nomade and
The Scottish Enlightenment explained all of this a lot better than you guys do.
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Replying to @Outsideness @Dick71224996 and
"Much of the opposition to a system of freedom under general laws arises from the inability to conceive of an effective co-ordination of human activities without deliberate organization by a commanding intelligence." -- Hayek on Neoabsolutismhttps://www.econlib.org/library/Essays/LtrLbrty/bryTSO.html …
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Replying to @Outsideness @cyborg_nomade and
This doesn't answer my question. Corporations, legal systems and regulatory bureaucracies all have supreme commanders with final discretionary authority. Without the commands issued by these authorities, societies wouldn't be able to coordinate their behaviour within markets.
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Replying to @Dick71224996 @cyborg_nomade and
All those "commanders" are executive appointments, allotted functions within a broader social process. Sovereignty resides at the level of the spontaneous outcome, where success and failure are decided.
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Replying to @Outsideness @Dick71224996 and
... Neoabsolutism is strictly analogous to homunculus theorizing. It thinks it solves a question of social coordination by drawing in a little coordinator guy.
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Replying to @Outsideness @Dick71224996 and
... The fact that markets clear without a market-clearing manager is the single greatest insight in the history of political economy and social science, and you guys determinedly ignore it.
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Replying to @Outsideness @cyborg_nomade and
Market exchange cannot come into being without command hierarchies which coordinate production, produce property laws and currencies, and generate languages to negotiate with.
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Replying to @Dick71224996 @Outsideness and
'Market-clearing' is an abstraction we assign to the cumulative effect of decision-making embedded within a presupposed discursive and normative structure.
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Replying to @Dick71224996 @Outsideness and
Have you heard of this text
@Outsideness ? https://en.m.wikipedia.org/wiki/Debt:_The_First_5000_Years …2 replies 0 retweets 3 likes
Yes, and argue with it. But you're right, it has a lot in common with where you're coming from. The Austrians already had these statist arguments as context. They're old.
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