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), ‘The nature of the firm: influence’, in Williamson, O. E. and Winter, S. G. (eds), The Nature of the Firm: Origins, Evolution and Development, Oxford, Oxford University Press, pp. 61–74. Hayek, F. A. (1948), ‘The meaning of competition’, in Individualism and Economic Order, Chicago, University of Chicago Press, pp. 92–106. Hayek, F. A. (1952), The Sensory Order, Chicago, University of Chicago Press. Heiner, R. A. (1983), ‘The origin of predictable behavior’, American Economic Review, 73(4), pp. 560–95. Knight, F. H. (1921), Risk, Uncertainty and Profit, Boston, MA

in Market relations and the competitive process
Problems of polysemy and idealism

individualist presumption. The fact that production is not generally carried out by individual producers, but by producers acting in concert, therefore becomes an awkward one. (Coase reflected on both possibilities.) But provisioning requires production, and as social beings we quite naturally co-operate in production; while examples of primitive communism have been widely recorded, instances of primitive individualism have not, for of course the latter would be too precarious to be sustainable. It is entirely unsurprising that, throughout history, humans, as social animals

in Market relations and the competitive process