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End-independent legal rules and the political economy of expanding market societies of Europe

Markose-Cherian, S (1991) 'End-independent legal rules and the political economy of expanding market societies of Europe.' European Journal of Political Economy, 7 (4). pp. 579-601. ISSN 0176-2680

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The political economy of the expanding markets of Europe is crucially tied to the Kantian quality of end-independence of rules that coercive authorities may legitimately enforce. A formal statement of this basic property of market societies requires a foray into the meta-mathematics of undecidable propositions. Using the premise first mooted by F.a. Hayek that market outcomes are complex phenomena, it is shown that they belong to the class of undecidable propositions, i.e. they are not amenable to constructive rationalism and human design. The non-purposiveness or the end-independence of the rules coordinating the market order, follows as a logically corollary. In the creation of a larger market order with EEC, these rules can be observed to emerge from a negative selection process — rules are progressively eliminated as unjust as they cannot be ‘universalized’ over what is now a larger territory and peoples.

Item Type: Article
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Social Sciences
Faculty of Social Sciences > Economics, Department of
SWORD Depositor: Elements
Depositing User: Elements
Date Deposited: 16 Aug 2012 13:49
Last Modified: 15 Jan 2022 00:56

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