Market Process and Market Order

From Human Action, But Not of Human Design

Häftad, Engelska, 2024

Av Rosolino A. Candela, Kristen R. Collins, Christopher J. Coyne

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This volume explores and engages with the key thinkers and ideas of the Austrian School of economics to better understand how 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, facilitate the conditions for social cooperation and specialization under the division of labor. 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.

Produktinformation

Utgivningsdatum2024-04-08
Mått151 x 228 x 22 mm
Vikt467 g
FormatHäftad
SpråkEngelska
SerieEconomy, Polity, and Society
Antal sidor300
FörlagBloomsbury Publishing Plc
ISBN9781666915037

Tillhör följande kategorier

Nationalekonomi inom Ekonomi och ledarskap
Samhälle och kultur inom Samhalle och politik
Mikroekonomi inom Ekonomi och ledarskap

Rosolino A. Candela is senior fellow at the F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center at George Mason University.Kristen R. Collins is senior fellow at the F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center at George Mason University.Christopher J. Coyne is professor of economics at George Mason University and associate director at the F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center at George Mason University.

Introduction: From Human Action, but Not of Human Design: The Market Process and the Market Order by Rosolino A. Candela, Kristen R. Collins, and Christopher J. CoynePart I: Market Process Theory in ContextChapter 1: Federalism-Preserving Markets by Andrey YushkovChapter 2: Keeping the Money Stream Stable: Hayek’s Response to Wicksell and Its Implications for Monetary Policy Today by Casey PenderPart II: Cultural and Social Embeddedness of a Market OrderChapter 3: Austrian Economics on Mushrooms: A Mycelial Approach to Understanding Market Processes in Disaster Recovery Planning in Vancouver, Canada by Jonathan EatonChapter 4: Sociocultural Markets: Matrifocal Families and Social Capital in the Caribbean Region and Diaspora by Kayleigh ThompsonPart III: Entrepreneurship, Knowledge, and the Market ProcessChapter 5: Foreign (Aid) in a Domestic Sense: Public Health in an Unincorporated Territory by Brian MareinChapter 6: Informal Institution Entrepreneurs and the Knowledge Problem by Shadwa Zah

This volume expands our understanding of the relevance of the market process and market order in the Austrian tradition for political economy today. By applying insights about imperfect human beings who still can form helpful institutions through collective actions rather than one intelligent designer to many aspects of political life, the volume demonstrates the wide applicability of the Austrian tradition of political economy across several policy issues from federalism to Chinese entrepreneurship to education reform.