This article serves as an introduction to the special issue of this Journal on the topic of emergence in economics. After providing a brief explanation of what ‘emergence' actually is, the article then examines how the concept is used by exponents of various schools of thought in contemporary...

The notion of plan coordination enjoys a central place in the analysis of institutions and competitive market processes. The conventional wisdom is that institutions and policies vary in the extent to which they promote competition and how quickly and completely they bring individuals’ plans...