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PAUL SAKMANN’S AND ALBERT SCHATZ’S MANDEVILLE STUDIES: THEIR LINK TO HAYEK’S ‘SPONTANEOUS ORDER’ THEORY

Published online by Cambridge University Press:  18 November 2016

Mark Charles Nolan
Mark Charles Nolan*
Affiliation:
School of Economics, University College Cork, Ireland.
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Abstract

This paper agrees with Friedrich August Hayek’s assertion in his 1945 Dublin lecture that the importance of Dutch physician Bernard Mandeville’s role in the history of economics had been overlooked and with his 1966 London lecture’s assertion that Mandeville’s important contribution qualified him as a master mind. Paul Sakmann’s and Albert Schatz’s studies of Mandeville’s eighteenth-century allegorical Fable of the Bees satire were acknowledged by Hayek as having influenced his formulation and development of the theory of spontaneous order extended from Scottish Enlightenment thinkers. Each of these two writers’ contribution to Mandeville and spontaneous order theory is considered as well as proposing a new source for the term “spontaneous order”—Schatz’s 1907‘le principe d’ordre spontané.’

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Articles
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Journal of the History of Economic Thought , Volume 38 , Issue 4 , December 2016 , pp. 485 - 506
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Copyright © The History of Economics Society 2016 

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