Showing 1 - 10 of 32
This paper is a review essay of the latest volume of The Collected Works of F.A. Hayek, entitled 'The Market and other Orders.' The paper examines the development of Hayeks' ideas about order, as manifested in the essays collected in this volume. Issues examined include: Hayek's accounts of the...
Persistent link: https://www.econbiz.de/10013032233
This paper uses the theory of complex systems as a conceptual lens through which to compare the work of Friedrich Hayek and Vincent and Elinor Ostrom. It is well known that, from the 1950s onwards, Hayek conceptualised the market as a complex adaptive system. It is argued in this paper that,...
Persistent link: https://www.econbiz.de/10012960213
This paper compares and contrasts two schools of political economy: the Austrian School, prominent members of which include Friedrich Hayek and Ludwig von Mises; and the Bloomington School, which was founded by Elinor and Vincent Ostrom. It is argued that the two traditions share a good deal in...
Persistent link: https://www.econbiz.de/10012953094
Historians of economic thought are paying greater attention to issues of social ontology (that is, to the assumptions that economists make about the nature of social reality). In this paper, we contribute to this burgeoning literature by exploring the hitherto neglected way in which James...
Persistent link: https://www.econbiz.de/10012868240
This paper is the introduction to a special issue of the Cambridge Journal of Economics on the topic of ontology and the history of economic thought. It explains what is meant by social ontology and why ontological issues should be taken seriously by historians of economic thought. It then goes...
Persistent link: https://www.econbiz.de/10012827089
This paper develops a response to some of the criticisms that have been made of G.L.S. Shackle's analysis of human decision-making because of its reliance on a Cartesian account of the mind. It is argued that the basis for a response can be found in the work on theoretical psychology developed...
Persistent link: https://www.econbiz.de/10013005194
This article is a review essay of Karl Mittermaier’s 'The Hand Behind the Invisible Hand', first written as a PhD thesis that was submitted in 1987 and finally published in 2020. The essay examines the main question upon which Mittermaier focuses, namely whether the institutional framework...
Persistent link: https://www.econbiz.de/10014265080
This paper is a review essay of Jayme Lemke and Vlad’s Tarko’s excellent edited volume, 'Elinor Ostrom and the Bloomington School: Building a New Approach to Policy and the Social Sciences'. It summarises the contents of the volume and uses them as the basis for reflections on various...
Persistent link: https://www.econbiz.de/10013299273
This paper explores how a consideration of ontological issues - that is, issues concerned the nature of social reality - informed Elinor Ostrom's analysis of the possibility that local communities can successfully govern common property resources. It is suggested that several ontological issues...
Persistent link: https://www.econbiz.de/10012822686
This paper offers an immanent critique of Peter Boettke's recent book, 'F.A. Hayek: : Economics, Political Economy and Social Philosophy'. That is to say, it takes some of the goals Boettke sets out to achieve and suggests how they might have been pursued more effectively. Issues addressed...
Persistent link: https://www.econbiz.de/10012871433