In this weeks’ Acton Commentary, Acton Adjunct Scholar William R. Luckey adopts Hayek’s use of the Greek terms “cosmos” and “taxis” to explain why economic life is not something that can be controlled with ever more laws, regulations and quick fixes. “Society and the market conform to the cosmos rather than the taxis,” he writes. “Both are self-generating, a function of billions of interactions between thinking human beings all over the globe.”

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