The Review of Austrian Economics

, Volume 26, Issue 4, pp 497–499 | Cite as

Richard Arena, Agnès Festré, and Nathalie Lazaric (eds.), Handbook of Knowledge and Economics

Northampton, MA: Edward Elgar Publishing, Inc., 2012. ix + 530 Pages. USD 260.00 (cloth)
  • Paul Dragos Aligica

The introduction of the volume opens with a reference to the celebrated 1937 F. A. Hayek Economicaarticle on the role of knowledge in society, thus setting up the stage for this outstanding handbook edited by three scholars whose previous work at the disciplinary boundaries of economics and organizational theory highly recommend them for the job. Looking back today, we fully understand that Hayek’s seminal article was not a mere contribution to an important debate in comparative economic systems but, in fact, opened up an entire new intellectual domain, challenging the boundaries of traditional economic science. The domain slowly grew in time only to explode in the last couple of decades with the emergence to salience of the “knowledge based economy”, bolstered as it has been, by the even more salient revolution in information technology. The problem of knowledge production, aggregation and distribution, and the role knowledge processes have in generating, maintaining, and changing...

Copyright information

© Springer Science+Business Media New York 2013

Authors and Affiliations

  1. 1.F. A. Hayek Program for Advanced Study in Philosophy, Politics and EconomicsMercatus Center George Mason UniversityArlingtonUSA

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