Economics as a Coordination Problem

Economics as a Coordination Problem PDF Author: Gerald P. O'Driscoll
Publisher: Kansas City, Kan. : Sheed Andrews and McMeel
ISBN:
Category : Business & Economics
Languages : en
Pages : 208

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Book Description
A revision of the author's thesis, University of California at Los Angeles. Includes index. Bibliography: p. 158-167.

Economics as a Coordination Problem

Economics as a Coordination Problem PDF Author: Gerald P. O'Driscoll
Publisher: Kansas City, Kan. : Sheed Andrews and McMeel
ISBN:
Category : Business & Economics
Languages : en
Pages : 208

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Book Description
A revision of the author's thesis, University of California at Los Angeles. Includes index. Bibliography: p. 158-167.

ECONOMICS AS A COORDINATION PROBLEM : THE CONTRIB. OF FRIEDRICH A. HAYEK

ECONOMICS AS A COORDINATION PROBLEM : THE CONTRIB. OF FRIEDRICH A. HAYEK PDF Author: Gerald P. O'Driscoll
Publisher:
ISBN:
Category :
Languages : en
Pages : 172

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Book Description


F. A. Hayek

F. A. Hayek PDF Author: Peter J. Boettke
Publisher: Springer
ISBN: 1137411600
Category : Business & Economics
Languages : en
Pages : 342

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Book Description
This book explores the life and work of Austrian-British economist, political economist, and social philosopher, Friedrich Hayek. Set within a context of the recent financial crisis, alongside the renewed interest in Hayek and the Hayek-Keynes debate, the book introduces the main themes of Hayek’s thought. These include the division of knowledge, the importance of rules, the problems with planning and economic management, and the role of constitutional constraints in enabling the emergence of unplanned order in the market by limiting the perverse incentives and distortions in information often associated with political discretion. Key to understanding Hayek's development as a thinker is his emphasis on the knowledge problem that economic decision makers face and how alternative institutional arrangements either hinder or assist them in overcoming that epistemic dilemma. Hayek saw order emerging from individual action and responsibility under the appropriate institutional order that itself emerges from actors discovering new and better ways to coordinate their behavior. This book will be of interest to all those keen to gain a deeper understanding of this great 20th century thinker in economics.

Entrepreneurship, Money and Coordination

Entrepreneurship, Money and Coordination PDF Author: Jürgen G. Backhaus
Publisher: Edward Elgar Publishing
ISBN: 9781845427955
Category : Business & Economics
Languages : en
Pages : 212

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Book Description
Hayek's theory of cultural evolution has always been a controversial topic. Interest in the theory, and others analysis and criticism of it, has been rising of late. This volume aims to explore the relevance of Hayek's theory for its own sake and for evolutionary economics more generally.

Hayek as a Liberal - His Contribution to Politics and Economic

Hayek as a Liberal - His Contribution to Politics and Economic PDF Author: Roman Hinka
Publisher: GRIN Verlag
ISBN: 3638843068
Category : Political Science
Languages : en
Pages : 76

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Book Description
Seminar paper from the year 2005 in the subject Politics - International Politics - General and Theories, grade: 1,0, European University Viadrina Frankfurt (Oder), course: Political and Economical Liberalism, 20 entries in the bibliography, language: English, abstract: The present paper deals with Friedrich August von Hayek, one of the prominent liberal thinkers of the twentieth century. He engaged himself actively in economy, political philosophy, psychology, and epistemology. The Royal Swedish Academy of Sciences awarded Professor Hayek the Prize in Economic Science in Memory of Alfred Nobel for 1974 together with Professor Gunnar Myrdal �for their pioneering work in the theory of money and economic fluctuations and for their penetrating analysis of the interdependence of economic, social and institutional phenomena�1. But his contribution does not limit only to economic. Hayek developed his seminal explanation of business cycle based on classical macroeconomic theories of Knuth Wicksell and Ludwig von Mises. Theirs ideas are briefly presented in the first part of Chapter I. Further it will be discussed the essence of the theory of business cycle in terms of production structure and capital employment. In particular, the model demonstrates that boom-bust cycles are caused not by mysterious defects inherent in industrial capitalism, but by the unfortunate inflationary bank credit expansion propelled by central banks. Next section presents Hayek�s ideas about the role of money in economy and intelligent monetary policy. The problem of price system in market economy, linking Hayeks economic and political articles and books is elaborated in section four of Chapter I. Critical remarks to his statements voiced by his adversaries and fellows are discussed directly in the main text. The rationale for such structure is to alleviate understanding of the subject. In the next chapter one gets on overview of The Road to Serfdom, the book by which Professor Hayek deserved po

Individualism and Economic Order

Individualism and Economic Order PDF 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

F. A. Hayek and the Modern Economy

F. A. Hayek and the Modern Economy PDF Author: S. Peart
Publisher: Springer
ISBN: 1137354364
Category : Business & Economics
Languages : en
Pages : 379

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Book Description
What is the role of human agency in Friedrich Hayek's thought? This volume situates Hayek's writing as it relates to economic organization and activity, particularly to assess what role Hayek assigns to leaders in determining economic progress.

Friedrich A. Hayek

Friedrich A. Hayek PDF Author: John Cunningham Wood
Publisher: Taylor & Francis US
ISBN: 9780415310581
Category : Economics
Languages : en
Pages : 398

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Book Description
Hayek's work continues to have a huge influence and this collection will chart the various responses to his work up to the present day, addressing the many and multifaceted contributions that his work has made to the study of economics.

The Legacy of Friedrich Von Hayek

The Legacy of Friedrich Von Hayek PDF Author: Peter J. Boettke
Publisher: Edward Elgar Publishing
ISBN: 9781858982991
Category : Biography & Autobiography
Languages : en
Pages : 456

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Book Description
The three volumes on the economist/humanist, Friedrich von Hayek (1900-92) are divided into politics (v.1), philosophy (v.2), and economics (v.3), areas which Hayek attempted to interweave. The set begins with a general introduction in which Boettke maintains that Hayek is narrowly remembered for his opposition to socialism despite his Nobel Prize for economics (1974) and his scholarship in theoretical psychology, political philosophy, legal anthropology, the philosophy of science, and the history of ideas. Boettke describes Hayek this way: "... a technical economist, concerned with philosophical issues; a philosopher of mind, pursuing the implications of his conclusions on the nature of the mind for social scientific research; and a classical liberal political economist seeking to integrate the knowledge from technical economics and philosophy for the way we understand and study the political order of a free people." The introduction, ending with a chronology of Hayek's career, and a chronological list of his publications is followed by a total of 72 reprinted articles from the 1960s to the 1990s by scholars with only their professional association listed. Contributors include M. Polanyi, Carlo Zappia, Israel M. Kirzner, Mario Rizzo, John Gray, Jacob Viner, Richard Bellamy and numerous others. Annotation copyrighted by Book News, Inc., Portland, OR

Hayek and Behavioral Economics

Hayek and Behavioral Economics PDF Author: R. Frantz
Publisher: Springer
ISBN: 1137278153
Category : Business & Economics
Languages : en
Pages : 367

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Book Description
An exploration of Friedrich Hayek's contribution to the foundation of behavioural economics, and how his work interacted with and complemented that of his contemporaries. Chapters include detailed discussions of the concept of rationality, psychology and Hayek's philosophical theories as well as the historical context in which he lived and worked.