The Internet Economy as a Contemporary Example of a Spontaneous Order
In a world where economic competition becomes fiercer with each passing moment, thanks to an ever-burgeoning global economy, it would seem apparent that Friedrich Hayek’s spontaneous order is alive and well, especially to those who have seen the rapid changes over the last generation. The Internet is a prime example of contemporary spontaneous order, which now has become so commonplace; it’s easy for one to overlook its significance. Despite the fact that the Internet was not planned by constructive rationalism, it has become an economic workhorse for a global society