The Driving Force of the Collective

Post-Austrian Theory in Response to Israel Kirzner

Guinevere Liberty Nell

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ca. 96,29 €
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Palgrave Macmillan US img Link Publisher

Sozialwissenschaften, Recht, Wirtschaft / Volkswirtschaft

Beschreibung

This book investigates why Austrian economists fail to apply the spontaneous order framework to cooperative relationships – such as a dynamic and evolving public sector – that might complement a thriving market. In direct response to Israel Kirzner's The Driving Force of the Market, Nell challenges traditional Austrian economics by proposing "democratic process theory" as a parallel to market process theory, highlighting the possibilities for an economic organization that harnesses the power of transparent and effective democracy. Keeping in mind the central problems experienced in socialist and capitalist countries due to self-interested political and economic actors, The Driving Force of the Collective highlights the public sector advantages of allowing culture and institutions to evolve endogenously as a spontaneous public sector order.

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Schlagwörter

heterodox economics, endogenous values, social welfare, market process, evolutionary economics, culture, ethics, complex adaptive systems, democratic process, institutional economics, management theory, discovery, methodological individualism, entrepreneur, economic theory, macroeconomics, regions, complexity theory, feedback systems, entrepreneurship, social context, social norms, economics, public sector efficiency, science and technology, human nature, deliberative democracy, market socialism