The Driving Force of the Collective

Post-Austrian Theory in Response to Israel Kirzner

Guinevere Liberty Nell

PDF
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

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