1.

Record Nr.

UNINA9910461632003321

Titolo

New thinking in Austrian political economy / / edited by Christopher J. Coyne, George Mason University, Fairfax, VA, USA, Virgil Henry Storr, George Mason University, Fairfax, VA, USA

Pubbl/distr/stampa

Bingley : , : Emerald Group Publishing Limited, , 2015

ISBN

1-78560-136-9

Edizione

[First edition.]

Descrizione fisica

1 online resource (256 p.)

Collana

Advances in Austrian Economics, , 1529-2134 ; ; volume 19

Disciplina

330.157

Soggetti

Austrian school of economics - History - 20th century

Free enterprise - History - 20th century

Economics - History - 20th century

Electronic books.

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

Front Cover; New Thinking in Austrian Political Economy; Copyright Page; Contents; List of Contributors; Introduction; Notes; References; Rivalry, Polycentricism, and Institutional Evolution; Introduction; Economic Calculation and Its Institutional Implications; Austrian Political Economy: Coase, Ostrom, and Endogenous Rule Formation; Theory and History: The Role of Institutional Entrepreneurship in Spontaneous Order; Conclusion; Notes; References; The Role of Culture in Economic Action; Introduction; Weber's Links to the Austrians and His Cultural Economy

Austrian Economics as a Science of MeaningKey Austrian Contributions to Understanding the Culture of Economic Action; Future Research; Notes; References; Superstition and Self-Governance; Introduction; Superstition and Self-Governing Adjudication; Superstition and Self-Governing Property Protection; Superstition and Self-Governing Collective Action; Concluding Remarks; Notes; References; Austrian Contributions to the Literature on Natural and Unnatural Disasters; Introduction; Disasters, Natural and Unnatural; Overcoming Coordination Problems in Mundane Times; The Socialist Calculation Debate



The Knowledge ProblemThe Limits to Centralized Government Action; The Capabilities of Decentralized Action; Austrian Studies of Relief and Recovery after Natural Disasters; Austrian Studies on the Political Economy Man-Made Disasters and Post-Disaster Reconstruction; Conclusion; Notes; References; Volatility in Catallactical Systems: Austrian Cycle Theory Revisited; Introduction; Austrian Cycle Theory in Brief; Entrepreneurial Action without Equilibrium: Open-ended Choice; Environments and Entrepreneurial Action: Buridan's Ass Deconstructed; Public Ordering within the Macro Ecology of Plans

Concluding RemarksReferences; Treating Macro Theory as Systems Theory: How Might it Matter?; Introduction; Substance-Method Interaction: Ontology, Epistemology, and Social Theory; Micro and Macro in Systems-theoretic Perspective; Ecological Macro Theory: Exploring Its Schematics; Closed System, Virtual Time; Closed System, Genuine Time; Open System, Genuine Time; Recessions: How the Type of Theory Influences What a Theorist Sees; Cycles as Phenomena of Ecological Coordination; A Theory of Cyclical Unemployment; Ecological Macro, Countercyclical Volatility, and Search Theory

Banking Systems and Macro TheoryConcluding by Looking Forward; References; Transitions to Open Access Orders and Polycentricity: Exploring the Interface between Austrian Theory and Institutionalism; Introduction; The Mainstream Approach to Social Order; Weaknesses in the Mainstream Model of Transitions to Open Access Orders; A Polycentric Model of Transitions to Open Access Orders; Directions for Future Research; Acknowledgments; References; An Austrian Approach to Class Structure; Introduction; A Brief Account of Class Structure in Social Economy; Institutions in the Individualist Method

An Austrian Approach to Class Structures

Sommario/riassunto

Volume 19 includes research by scholars working within Austrian political economy. The contributors shed incisive light on a range of topics in Austrian economics including: the role of culture in post-disaster recovery, class structure, decentralized political orders, drones, institutional change, macroeconomics, and superstition and norms.