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Austrian Theory and Economic Organization - Reaching Beyond Free Market Boundaries (Hardcover)
Loot Price: R3,472
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Austrian Theory and Economic Organization - Reaching Beyond Free Market Boundaries (Hardcover)
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The Austrian economic school famously predicted and explained the
problems of calculation in a socialist society. With their concept
of spontaneous order, they challenged mainstream economists to look
beyond simplified static models and consider the dynamic and
evolutionary characteristics of social orders. However, many feel
that Austrians took their victory too far and became ideologically
devoted to laissez-faire. Austrian Theory and Economic Organization
is a collection of essays on problems and possibilities in economic
organization, written by economists and political scientists with
an interest in the dynamic and evolutionary nature of market
economies. Each chapter explores areas of potential agreement
between Austrian theory, market socialist economics, and other
heterodox schools of economic and political science. The collection
aims to bridge cultural and political divisions between free market
advocates who stress individual rights and left-leaning thinkers
who stress social justice and a culture of solidarity.
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