Market Process and Market Order
From Human Action, But Not of Human Design
Abstract
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.
Schlagworte
Market Process Theory Austrian Economics Friedrich Hayek marginal utility market process spontaneous order- 1–14 Introduction 1–14
- 275–284 Index 275–284
- 285–286 About the Editors 285–286
- 287–288 About the Contributors 287–288