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CIAO DATE: 03/02
Critical Review
Market Non-Neutrality: Systemic Biases in Spontaneous Orders
By Gus diZerega
Abstract
The market is sometimes thought to be a largely neutral means for coordinating cooperation among strangers under complex conditions because it is, as Hayek noted a "spontaneous order." But in fact the market actively shapes the kinds of values it rewards, as do other spontaneous orders. Recognizing these biases allows us to see how such orders impinge on one another and on other communities basic to human life, sometimes negatively. In this way we may come to acknowledge the inevitability of placing limits on spontaneous orders.