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Hayek, Leoni, and Law as the Fifth Factor of Production

机译:哈耶克,莱昂尼和法律是生产的第五要素

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This paper discusses the nature of law as the fifth factor of production, or more fundamentally as the institutional framework within which the production process takes place. Unlike land, labor, capital, and entrepreneurship, whose coordination is an outcome of institutional arrangements, the law itself is the institutional embodiment of the voluntary exchange processes evolving from the decisions, but not the design, of judges that form the reliable expectations about who "plans" the coordination of the other four factors of production. The legal theory of Hayek and Leoni lends itself to this dual nature of spontaneous order analysis and also the basis of the burgeoning literature on analytical anarchism. Although Hayek and Leoni were not legal centralists, their conception of law as part of a larger spontaneous order was open-ended to competition and experimentation on the constitutional level of rules just as that experienced on the post-constitutional level of the market itself.
机译:本文讨论了法律的本质,它是生产的第五要素,或更根本地讲是生产过程发生的制度框架。与土地,劳动力,资本和企业家精神的协调是制度安排的结果不同,法律本身是自愿交换程序的制度体现,它是由法官(而不是法官)的决策演变而来的,形成了对谁的可靠期望“计划”协调其他四个生产要素。哈耶克和莱昂尼的法律理论适用于自发秩序分析的这种双重性质,也是新兴的分析无政府主义文学的基础。尽管哈耶克和莱昂尼不是法律集中主义者,但作为更大的自发秩序的一部分,他们对法律的观念在宪法的宪法层面上的竞争和试验是开放的,就像在市场本身的宪法后层面上所经历的那样。

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