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-hierarchical policy coordination which Charles Lindblom (1965) had subsumed under the label of "Partisan Mutual Adjustment". It is argued … that these claims are implausible if Lindblom’s mechanisms of horizontal self-coordination are examined one at a time. They … through self-coordination will encounter rapidly escalating transaction costs. As Lindblom had pointed out, however, several …
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Austrian and post-Marshallian economics share a number of concerns, such as a basic subjecticist stance and an emphasis on the importance of inquiry into the disequilibrium market process. This paper details similarities and differences between these two bodies of thought, and argue that a...
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was among the first social scientists to use evolutionary game theory. His approach remains distinctive in emphasizing …
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