Full Description
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.
Contents
Introduction: From Human Action, but Not of Human Design: The Market Process and the Market Order by Rosolino A. Candela, Kristen R. Collins, and Christopher J. Coyne
Part I: Market Process Theory in Context
Chapter 1: Federalism-Preserving Markets by Andrey Yushkov
Chapter 2: Keeping the Money Stream Stable: Hayek's Response to Wicksell and Its Implications for Monetary Policy Today by Casey Pender
Part II: Cultural and Social Embeddedness of a Market Order
Chapter 3: Austrian Economics on Mushrooms: A Mycelial Approach to Understanding Market Processes in Disaster Recovery Planning in Vancouver, Canada by Jonathan Eaton
Chapter 4: Sociocultural Markets: Matrifocal Families and Social Capital in the Caribbean Region and Diaspora by Kayleigh Thompson
Part III: Entrepreneurship, Knowledge, and the Market Process
Chapter 5: Foreign (Aid) in a Domestic Sense: Public Health in an Unincorporated Territory by Brian Marein
Chapter 6: Informal Institution Entrepreneurs and the Knowledge Problem by Shadwa Zah
