Meaning and Measure Misty Weaver: Content Strategy for meaningful experiences with measurable results

September 12, 2021

Base On Mutual Agreement

Filed under: Uncategorized — admin @ 12:45 am

Markets are an example of a paradigm of a self-generating or spontaneous social order (Hayek 1973, p. 37), i.e. social arrangements in which the activities of the participants are coordinated spontaneously, through the reciprocal adaptation or adaptation of individual decision-makers, without any conscious and central direction. In this sense, the market order can be compared “as a specific type of social structure” (Swedberg 1994, p. 255) to the conscious and centralized coordination of activities within bodies or organizations, i.e. within social entities such as “the family, the enterprise, the enterprise, the enterprise and the various associations”. and all public institutions, including governments” (Hayek, 1973, p. 46). It is one of the central themes in the works of F. A. Hayek that the distinction between “the two types of order” (Hayek 1973, p. 46), market and organization (Vanberg 1982) is essential for an adequate understanding of the nature of social phenomena in general and the order of the market in particular. According to Hayek, the failure to properly assess the nature of the market as a spontaneous social order is, according to Hayek, a major source of confusion in discussions of economic theory and, in particular, economic policy, a confusion which he attributes in part to the ambiguity implied when the term “economy” is used to describe the order of the market.

As the term is derived from the Greek word oikonomia, which is what home economics means, an “economy in the strict sense of the term is an organization or arrangement in which a person deliberately allocates resources to a single order of purposes” (Hayek 1978, p. 178). To avoid misleading connotations, Hayek proposes to speak of the market order not as an economy, but as a catallaxy, derived from the Greek word katallatéin, which means “to exchange” (Hayek 1976, p. 108). His whole approach framed his advocacy, promising that we listen to each other, that we will learn from each other, and that we interact on the basis of mutual interests and mutual respect. In the event of difficulties or doubts between the Parties as to the application or interpretation of this Agreement, the Parties shall make every effort to resolve the matter by mutual agreement. Strive to reach mutual agreement, at least partially, on each item on the list. If you tackle the exercise on the basis of the following policies, you will improve your chances of reaching a consensus: crowdsourcing and outsourcing sharing involve a direct relationship with citizens. Through crowdsourcing, citizens support the government. When it comes to outbound sharing, there are two types of relationships: citizens who ask for help from the government and citizens and the government who make a mutual agreement. In addition, there are certain characteristics of social networks that are related to outbound sharing in the provision of public services: by referring to the market as a “competitive game” played according to certain rules, Hayek emphasizes the intrinsic link between markets and law.

Since the coordination of action within the markets is based on certain general rules of conduct which impose the behaviour of market participants, it follows that it is only when appropriate rules are in force that a market organisation can emerge and that the specificity of the legal and institutional framework in which the markets operate determines their general working characteristics. As Hayek (1960, p. 229), he states: `In order to ensure an effective adaptation of the various activities on the market, certain minimum requirements must be met; the most important of them are. the prevention of violence and fraud, the protection of property and the enforcement of contracts, as well as the recognition of the equal rights of all individuals to produce in any quantity and to sell them at the prices they have chosen. . . .

No Comments

No comments yet.

RSS feed for comments on this post. TrackBack URL

Sorry, the comment form is closed at this time.

Powered by WordPress