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Author: Piotr Szafruga
Publisher: Routledge
ISBN: 1000376869
Category : Business & Economics
Languages : en
Pages : 249
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Book Description
The theory of spontaneous order conceptualises and explains a number of institutional and social phenomena that are not an intended effect of either individual decisions or a collective consensus but an unplanned outcome of interactions between people pursuing their own aims. Drawing on these insights, this book demonstrates the utility of the theory of spontaneous order in explaining many phenomena in political economy and political science. The book opens with a discussion of the history and development of the theory of spontaneous order, particularly in economics and the Austrian School. The epistemological premises of the theory are then explored including the formulation of the central idea of social individualism. Demonstrating the potential applications of the theory of spontaneous order to politics, core ideas are examined including democracy, fragile states and the concept of the veil of ignorance. Finally, the limitations and constraints of the theory of spontaneous order are also reviewed and discussed. This book marks a valuable contribution to the literature on political economy, political science, public choice and political philosophy.
Author: Piotr Szafruga
Publisher: Routledge
ISBN: 1000376869
Category : Business & Economics
Languages : en
Pages : 249
Get Book Here
Book Description
The theory of spontaneous order conceptualises and explains a number of institutional and social phenomena that are not an intended effect of either individual decisions or a collective consensus but an unplanned outcome of interactions between people pursuing their own aims. Drawing on these insights, this book demonstrates the utility of the theory of spontaneous order in explaining many phenomena in political economy and political science. The book opens with a discussion of the history and development of the theory of spontaneous order, particularly in economics and the Austrian School. The epistemological premises of the theory are then explored including the formulation of the central idea of social individualism. Demonstrating the potential applications of the theory of spontaneous order to politics, core ideas are examined including democracy, fragile states and the concept of the veil of ignorance. Finally, the limitations and constraints of the theory of spontaneous order are also reviewed and discussed. This book marks a valuable contribution to the literature on political economy, political science, public choice and political philosophy.
Author: Craig Smith
Publisher: Routledge
ISBN: 1134235879
Category : Philosophy
Languages : en
Pages : 220
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Book Description
When Adam Smith published his celebrated writings on economics and moral philosophy he famously referred to the operation of an 'invisible hand'. Adam Smith’s Political Philosophy makes visible this hand by examining its significance in Smith’s political philosophy and relating it to similar concepts used by other philosophers, thus revealing a distinctive approach to social theory that stresses the importance of the unintended consequences of human action. The first book to examine the history of Smith’s political philosophy from this perspective, this work introduces greater conceptual clarity to the discussion of the invisible hand and the related notion of unintended order in the work of Smith, as well as in political theory more generally. By examining the application of spontaneous order ideas in the work of Smith, Hume, Hayek and Popper, this important volume traces similarities in approach, and from these constructs a conceptual, composite model of an invisible hand argument. While setting out a clear framework of the idea of spontaneous order, the book also builds the case for using this as an explanatory social theory, with chapters on its application in the fields of science, moral philosophy, law and government.
Author: Philip Mirowski
Publisher: Cambridge University Press
ISBN: 9780521478847
Category : Business & Economics
Languages : en
Pages : 640
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Book Description
This 1994 book was the first collection devoted to impact of natural sciences on content and form of economics in history.
Author: Christina Petsoulas
Publisher: Psychology Press
ISBN: 9780415183222
Category : Business & Economics
Languages : en
Pages : 220
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Book Description
By exploring the writings of Mandeville, Hume and Smith, this book offers a critique of Hayek's theory of cultural evolution and explores the roots of his powerful defence of liberalism. This book is an original contribution to the debate, and vital reading for researchers in politics, political theory, and economics.
Author: Peter J. Boettke
Publisher:
ISBN: 0199811768
Category : Business & Economics
Languages : en
Pages : 833
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Book Description
The Austrian School of Economics is an intellectual tradition in economics and political economy dating back to Carl Menger in the late-19th century. Menger stressed the subjective nature of value in the individual decision calculus. Individual choices are indeed made on the margin, but the evaluations of rank ordering of ends sought in the act of choice are subjective to individual chooser. For Menger, the economic calculus was about scarce means being deployed to pursue an individual's highest valued ends. The act of choice is guided by subjective assessments of the individual, and is open ended as the individual is constantly discovering what ends to pursue, and learning the most effective way to use the means available to satisfy those ends. This school of economic thinking spread outside of Austria to the rest of Europe and the United States in the early-20th century and continued to develop and gain followers, establishing itself as a major stream of heterodox economics. The Oxford Handbook of Austrian Economics provides an overview of this school and its theories. The various contributions discussed in this book all reflect a tension between the Austrian School's orthodox argumentative structure (rational choice and invisible hand) and its addressing of a heterodox problem situations (uncertainty, differential knowledge, ceaseless change). The Austrian economists from the founders to today seek to derive the invisible hand theorem from the rational choice postulate via institutional analysis in a persistent and consistent manner. Scholars and students working in the field of History of Economic Thought, those following heterodox approaches, and those both familiar with the Austrian School or looking to learn more will find much to learn in this comprehensive volume.
Author: Bernard de Mandeville
Publisher:
ISBN:
Category :
Languages : en
Pages : 506
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Book Description
Author: Robert Jervis
Publisher: Princeton University Press
ISBN: 1400822408
Category : Political Science
Languages : en
Pages : 322
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Book Description
Based on more than three decades of observation, Robert Jervis concludes in this provocative book that the very foundations of many social science theories--especially those in political science--are faulty. Taking insights from complexity theory as his point of departure, the author observes that we live in a world where things are interconnected, where unintended consequences of our actions are unavoidable and unpredictable, and where the total effect of behavior is not equal to the sum of individual actions. Jervis draws on a wide range of human endeavors to illustrate the nature of these system effects. He shows how increasing airport security might actually cost lives, not save them, and how removing dead trees (ostensibly to give living trees more room) may damage the health of an entire forest. Similarly, he highlights the interconnectedness of the political world as he describes how the Cold War played out and as he narrates the series of events--with their unintended consequences--that escalated into World War I. The ramifications of developing a rigorous understanding of politics are immense, as Jervis demonstrates in his critique of current systemic theories of international politics--especially the influential work done by Kenneth Waltz. Jervis goes on to examine various types of negative and positive feedback, bargaining in different types of relationships, and the polarizing effects of alignments to begin building a foundation for a more realistic, more nuanced, theory of international politics. System Effects concludes by examining what it means to act in a system. It shows how political actors might modify their behavior in anticipation of system effects, and it explores how systemic theories of political behavior might account for the role of anticipation and strategy in political action. This work introduces powerful new concepts that will reward not only international relations theorists, but also all social scientists with interests in comparative politics and political theory.
Author: F. A. Hayek
Publisher: University of Chicago Press
ISBN: 0226321215
Category : Business & Economics
Languages : en
Pages : 281
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Book Description
“These essays . . . bring great learning and . . . intelligence to bear upon economic and social issues of central importance to our era.” —Henry Hazlitt, Newsweek In this collection of writings, Nobel laureate Friedrich A. Hayek discusses topics from moral philosophy and the methods of the social sciences to economic theory as different aspects of the same central issue: free markets versus socialist planned economies. First published in the 1930s and 40s, these essays continue to illuminate the problems faced by developing and formerly socialist countries. F. A. Hayek, recipient of the Medal of Freedom in 1991 and winner of the Nobel Memorial Prize in Economics in 1974, taught at the University of Chicago, the University of London, and the University of Freiburg. Among his other works published by the University of Chicago Press is The Road to Serfdom, now available in a special fiftieth anniversary edition. “There is much interesting and valuable material in this meaty . . . book which must ultimately help the world make up its mind on a vital issue: to plan or not to plan?” —S. E. Harris, The New York Times “Those who disagree with him cannot afford to ignore him . . . This is especially true of a book like the present one.” —George Soule, Nation
Author:
Publisher: Ludwig von Mises Institute
ISBN: 1610164237
Category :
Languages : en
Pages : 262
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Book Description
Author: Christopher J. Webster
Publisher: Edward Elgar Publishing
ISBN: 9781781957073
Category : Business & Economics
Languages : en
Pages : 264
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Book Description
''This is an important book. The authors in effect offer a positive theory of planning and urbanisation. As such, Webster and Lai''s model, based on institutional economics, is a vast improvement on some equally ambitious predecessors. The book''s insights and clarity make it a must reading for anyone seeking better understanding of how cities evolve as they do, and why planning is an integral part of their evolution.'' - Ernest Alexander, University of Wisconsin, Milwaukee, US ''A truly remarkable achievement.'' - Mark Pennington, University of London, UK ''Chris Webster and Lawrence Lai have created a coherent and insightful integration of concepts such as property rights, organizations, competition, incentives, transaction costs, public goods, and externalities, which will help theorists and urban practitioners analyze and manage city goods and services. An important insight of the authors is the recognition of the interdependencies of people in a neighborhood, which can be efficiently handled with shares in the property value of the neighborhood. There is a constant question of how much markets and how much government should be involved in urban matters, and the authors provide a reasoned, balanced approach which recognizes the vital role of government while appreciating the effectiveness of markets and decentralized decision making, including private institutions or" clubs" such as homeowners'' associations. Their position that governments and markets co-evolve and complement one another is sound, and their conclusions regarding the need to provide clear property rights and efficient rules provide us with theoretical tools to better understand how cities can be improved while being wary of the "allure of utopia".'' - Fred Foldvary, Santa Clara University, California, US ''This is a really important contribution to the planning literature. Beautifully written and clearly structured, it explains the complex relationship between" planning" and "markets" using the economic perspective of transaction cost theory and the" new-institutionalism". This provides a robust way of addressing the old "economic and planning" agenda, which the authors illustrate with references to cases and situations from across the world. Informative and stimulating, this should be included in every planning theory course, and will be helpful to all trying to re-think old debates about planning and markets.'' - Patsy Healey, Newcastle University, UK ''Professors Webster and Lai have written a masterly work that applies the principles of Hayek and of institutional economics to understanding cities. This is a refreshing and more convincing alternative to the standard politically correct views.'' - Harry W. Richardson, University of Southern California, US ''Property Rights, Planning and Markets covers an original and intriguing issue, viz. the existence and development of cities at the interface of market forces and planned or controlled policies ...the book offers new horizons and contains refreshing reading material.'' - Peter Nijkamp, Free University, Amsterdam, The Netherlands This book represents a major innovation in the institutional analysis of cities and their planning, management and governance. Using concepts of transaction costs and property rights, the work shows systematically how urban order evolves as individuals co-operate in cities for mutual gain. Five kinds of urban order are examined, arising as co-operating individuals seek to reduce the costs of transacting with each other. These are organisational order (combinations of property rights), institutional order (rules and sanctions), proprietary order (fragmentation of property rights), spatial order and public domain order. Property Rights, Planning and Markets also offers an institutional interpretation of urban planning and management that challenges both the view that planning inevitably conflicts with freedom of contract and the view that its function is a means of correcting market failures. Real life examples from countries and regions around the world are used to illustrate the universal relevance of theoretical generalisations, which will be welcomed by a new generation of policymakers and students who take on a world view that goes beyond national boundaries.
