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Market Process and Market Order - From Human Action, But Not of Human Design (Hardcover)
Loot Price: R3,590
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Market Process and Market Order - From Human Action, But Not of Human Design (Hardcover)
Series: Economy, Polity, and Society
Expected to ship within 10 - 15 working days
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This volume explores and engages the key thinkers and ideas of the
Austrian School of political economy to better understand various
aspects of the market process, or the way that individuals
coordinate their separate interests in a peaceful and productive
manner by unintentionally forming not only market prices but also
rules, customs, cultural norms and other institutional arrangements
that allow specialization and trade. Together, these dynamics
generate a market order by ameliorating the potential for social
conflict, and in turn, facilitating the conditions for social
cooperation and specialization under the division of labor.
Scholars in this tradition focus on how individuals, however
imperfect they may be in their decision-making, are nevertheless
guided by private property, prices, and profit and loss signals,
which emerge out of human action, but not necessarily human design.
The diversity in topics and approaches will make the volume of
interest to readers in a variety of fields, including anthropology,
economics, entrepreneurship, history, philosophy, political
science, and public policy.
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