The Spatial Market Process (Hardcover)

Key features of Austrian economic theory are the use of methodological individualism, the view that entrepreneurs cause development, and the recognition that local knowledge is largely tacit and thus difficult to communicate. The contributors to The Spatial Market Process show how these and other Austrian features provide an alternative foundation for understanding the spatial manifestation of economic phenomena. Many chapters elaborate upon theoretical insights first formulated by F.A. Hayek. The work of urban theorist Jane Jacobs, the entrepreneurship theories of both Joseph Schumpeter and Israel Kirzner, transaction costs in the Coasean tradition, and Fritz Machlup's notion of "knowledge conveyors" are examples of other theoretical constructs that are integrated into new spatial theories by the contributors; combining classical Austrian theories with contemporary breakthroughs.

General

Imprint:	Emerald Publishing Limited
Country of origin:	United Kingdom
Series:	Advances in Austrian Economics
Release date:	July 2012
Editors:	David Emanuel Andersson
Dimensions:	234 x 156 x 33mm (L x W x T)
Format:	Hardcover
Pages:	350
ISBN-13:	978-1-78190-006-2
Categories:	Books > Business & Economics > Economics > Economic theory & philosophy
LSN:	1-78190-006-X
Barcode:	9781781900062

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