The Driving Force of the Collective
Post-Austrian Theory in Response to Israel Kirzner
Business & Finance, Economics, Urban & Regional, Theory of Economics
| Author: | Guinevere Liberty Nell | ISBN: | 9781137468390 |
| Publisher: | Palgrave Macmillan US | Publication: | November 26, 2016 |
| Imprint: | Palgrave Macmillan | Language: | English |
| Author: | Guinevere Liberty Nell |
| ISBN: | 9781137468390 |
| Publisher: | Palgrave Macmillan US |
| Publication: | November 26, 2016 |
| Imprint: | Palgrave Macmillan |
| Language: | English |
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.
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.
