Hayek's use of narrative

Hayek used narrative as a way to illustrate complex economic ideas by telling stories that highlight how individual decisions, information, and social interactions shape markets. Instead of relying solely on abstract formulas, he believed stories make it easier to understand how spontaneous order emerges from countless personal choices. Narratives help us see the cause-and-effect relationships in economy and society, making these ideas more relatable and accessible. Essentially, Hayek’s narratives serve as tools to clarify how decentralized knowledge and voluntary actions produce complex and adaptive economic systems.