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Palgrave Macmillan

Austrian Theory and Economic Organization

Reaching Beyond Free Market Boundaries

ISBN 9781137371416
Publication Date August 2014
Formats Hardcover Ebook (PDF) Ebook (EPUB) 
Publisher Palgrave Macmillan

The Austrian economic school famously predicted and explained the problems of calculation in a socialist society. With their concept of spontaneous order, they challenged mainstream economists to look beyond simplified static models and consider the dynamic and evolutionary characteristics of social orders. However, many feel that Austrians took their victory too far and became ideologically devoted to laissez-faire.

Austrian Theory and Economic Organization is a collection of essays on problems and possibilities in economic organization, written by economists and political scientists with an interest in the dynamic and evolutionary nature of market economies. Each chapter explores areas of potential agreement between Austrian theory, market socialist economics, and other heterodox schools of economic and political science. The collection aims to bridge cultural and political divisions between free market advocates who stress individual rights and left-leaning thinkers who stress social justice and a culture of solidarity.

Guinevere Liberty Nell studies and publishes in the areas of Austrian economics, economic policy, and Soviet economic history, and worked as a tax policy analyst for five years at The Heritage Foundation in Washington, DC before earning a Master's Degree from the University of Warwick, UK, in Soviet economic history. She is the author of Rediscovering Fire and Spontaneous Order and the Utopian Collective, and editor of Basic Income and the Free Market.

PART I: ORDER AND EFFICIENCY IN FREE MARKETS
1. Improving Spontaneous Orders; Randall Holcombe
2. The Problem of Unemployment When Markets Clear; Daniel Kuehn
PART II: THE FIRM IN THE ECONOMY
3. The Corporate Planned Economy; Kevin Carson
4. The Firm and the Authority Relation; Per Bylund
PART III: FREEDOM, CONTRACTS, AND THE STATE
5. Contract, Freedom, and Flourishing; Gus DiZerega
6. On the Perceived Legitimacy of the State; Edward Stringham and Caleb J. Miles
PART IV: AUSTRIAN ECONOMICS AND MARKET SOCIALISM
7. Beyond Market Socialism; Andrew Cumbers
8. A Post-Austrian Market Socialism; Guinevere Nell

Per L. Bylund, Baylor University, USA
Kevin Carson, Center for a Stateless Society, USA
Andrew Cumbers, University of Glasgow, UK
Gus diZerega, Fund for the Study of Spontaneous Orders, Atlas Economic Research Foundation, USA
Randall G. Holcombe, Florida State University, USA
Daniel Kuehn, American University, USA
Caleb J. Miles, University of Auckland, New Zealand
Edward Peter Stringham, Fayetteville State University, USA

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