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Hayek's Four Tendencies Toward Equilibrium
Cultural Dynamics (1990)
  • Mario J Rizzo
F.A. Hayek uses the concepts of "equilibrium" and the "tendency toward equilibrium" in a number of senses that are subtly, but importantly, different from each other. This article elucidates those differences and puts them in the context of his theoretical work. As far as I know, this is still the only article that undertakes this analysis.
  • coordination,
  • compatibility of plans,
  • equilibrium,
  • competition,
  • economic processes
Publication Date
Citation Information
Mario J Rizzo. "Hayek's Four Tendencies Toward Equilibrium" Cultural Dynamics Vol. 3 Iss. 1 (1990)
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