|
Showing 1 - 1 of
1 matches in All Departments
The central theme in the work of F.A. Hayek was the problem of
order in society, and his focus was epistemological: he was
concerned with the constraints on knowledge, the problems
associated with its distribution, the structures in which it
inheres, and the implications of these issues for the understanding
of social phenomena generally. But while his work has greatly
improved our understanding of market processes, application to more
complex social arrangements was not an unambiguous success. In
seeking to progress beyond Hayek's difficulties in formulating a
more general theory of spontaneous order, this book fleshes out an
analogy between social orders and the biological order detailed in
Hayek's The Sensory Order into a theory of adaptive systems. It
focuses first on those aspects of the systems which enable them to
learn about their environments, and then on the entrepreneurial
processes which implement their anticipatory capabilities. The
inclusion of anticipatory elements, inspired by the work of Robert
Rosen, results in a theory of social orders which integrates many
of the disparate findings of Austrian economists into a
self-consistent conceptual framework and has applicability to other
social arrangements such as firms and governments. Of particular
interest is the interaction between the systems of science and
government, an issue of significant current concern which is
comprehensively explored here both theoretically and empirically.
This book is essential reading for anyone interested in Hayek,
Austrian economics, social theory, and the history of economic
thought more broadly.
|
|
Email address subscribed successfully.
A activation email has been sent to you.
Please click the link in that email to activate your subscription.