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The Driving Force of the Collective - Post-Austrian Theory in Response to Israel Kirzner (Hardcover, 1st ed. 2017)
Loot Price: R3,396
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The Driving Force of the Collective - Post-Austrian Theory in Response to Israel Kirzner (Hardcover, 1st ed. 2017)
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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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