Advertisement

The Driving Force of the Collective

Post-Austrian Theory in Response to Israel Kirzner

  • Guinevere Liberty Nell

Table of contents

  1. Front Matter
    Pages i-xii
  2. The Character of Post-Austrian Economics

    1. Front Matter
      Pages 1-1
    2. Guinevere Liberty Nell
      Pages 23-42
    3. Guinevere Liberty Nell
      Pages 43-60
  3. The Democratic Process

    1. Front Matter
      Pages 61-61
    2. Guinevere Liberty Nell
      Pages 63-76
    3. Guinevere Liberty Nell
      Pages 77-97
    4. Guinevere Liberty Nell
      Pages 99-117
  4. Studies in the Mises-Hayek Legacy

    1. Front Matter
      Pages 147-147
    2. Guinevere Liberty Nell
      Pages 149-158
    3. Guinevere Liberty Nell
      Pages 169-182
  5. Studies in the Theory of Conversation

  6. Back Matter
    Pages 259-294

About this book

Introduction

This book investigates why Austrian economists fail to apply the spontaneous order framework to cooperative relationships – such as a dynamic and evolving public sector – that might complement a thriving market. In direct response to Israel Kirzner's The Driving Force of the Market, Nell challenges traditional Austrian economics by proposing "democratic process theory" as a parallel to market process theory, highlighting the possibilities for an economic organization that harnesses the power of transparent and effective democracy. Keeping in mind the central problems experienced in socialist and capitalist countries due to self-interested political and economic actors, The Driving Force of the Collective highlights the public sector advantages of allowing culture and institutions to evolve endogenously as a spontaneous public sector order.

Keywords

market socialism democratic process market process methodological individualism institutional economics evolutionary economics complexity theory complex adaptive systems culture social norms public sector efficiency deliberative democracy management theory human nature endogenous values feedback systems social context social welfare discovery economic theory economics entrepreneur entrepreneurship ethics heterodox economics macroeconomics regions science and technology

Authors and affiliations

  • Guinevere Liberty Nell
    • 1
  1. 1.LondonUnited Kingdom

Bibliographic information

  • DOI https://doi.org/10.1057/978-1-137-46839-0
  • Copyright Information The Editor(s) (if applicable) and The Author(s) 2017
  • Publisher Name Palgrave Macmillan, New York
  • eBook Packages Economics and Finance
  • Print ISBN 978-1-137-47356-1
  • Online ISBN 978-1-137-46839-0
  • Buy this book on publisher's site