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Palgrave Macmillan

The Driving Force of the Collective

Post-Austrian Theory in Response to Israel Kirzner

  • Book
  • © 2017

Overview

Authors:
  1. Guinevere Liberty Nell

    1. London, United Kingdom

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  • Presents the case for a new branch of (post-)Austrian theory

  • Highlights fundamental blind spots in Austrian theory

  • Argues that modern societies need the force of both markets and collectives

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Table of contents (14 chapters)

  1. Front Matter

    Pages i-xii
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  2. The Character of Post-Austrian Economics

    1. Front Matter

      Pages 1-1
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    2. Collaborative Discovery and the Conversive Democratic Process: A Post-Austrian Approach

      • Guinevere Liberty Nell
      Pages 3-21

    3. The Individualist Subjectivism of Austrian Economics

      • Guinevere Liberty Nell
      Pages 23-42

    4. Subjectivism, Freedom, and Social-Interest

      • Guinevere Liberty Nell
      Pages 43-60

  3. The Democratic Process

    1. Front Matter

      Pages 61-61
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    2. The Limits of Democracy: The Real and the Imagined

      • Guinevere Liberty Nell
      Pages 63-76

    3. The Ethics of Competition and Cooperation

      • Guinevere Liberty Nell
      Pages 77-97

    4. Some Ethical Insights on the Nature of Profits

      • Guinevere Liberty Nell
      Pages 99-117

    5. Coordination and Collaboration: Agreement as a Criterion for Democratic Goodness

      • Guinevere Liberty Nell
      Pages 119-145

  4. Studies in the Mises-Hayek Legacy

    1. Front Matter

      Pages 147-147
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    2. Reflections of the Misesian Legacy of Hyper-individualism

      • Guinevere Liberty Nell
      Pages 149-158

    3. Knowledge and the Austrian Understanding of the Democratic System

      • Guinevere Liberty Nell
      Pages 159-168

    4. Culture, Hayek, and the Idea of Plan-Coordination

      • Guinevere Liberty Nell
      Pages 169-182

  6. Back Matter

    Pages 259-294
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Keywords

About this book

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.

Authors and Affiliations

  • London, United Kingdom

    Guinevere Liberty Nell

About the author

Guinevere Liberty Nell studied and published in Austrian economics and Soviet history, and worked as a programmer and as a tax policy analyst at The Heritage Foundation in Washington, D.C. before earning a Master's Degree in Soviet economic history from the University of Warwick, UK. She is the author of Rediscovering Fire: Basic Economic Lessons from the Soviet Experiment and Spontaneous Order and The Utopian Collective, and editor of three essay collections that push the boundaries of Austrian economics.

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