The Driving Force of the Collective Post-Austrian Theory in Response to Israel Kirzner
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Beschreibung
Produktdetails
Einband
Gebundene Ausgabe
Erscheinungsdatum
02.12.2016
Verlag
Palgrave Macmillan USSeitenzahl
294
Maße (L/B/H)
21.6/15.3/2.2 cm
Gewicht
490 g
Auflage
1st ed. 2017
Sprache
Englisch
ISBN
978-1-137-47356-1
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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