Austrian Theory and Economic Organization Reaching Beyond Free Marke
The Austrian economic school famously predicted and explained the problems of calculation in a socialist society. With their concept of spontaneous order, they challenged mainstream economists to look beyond simplified static models and consider the dynam
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Copyright material from www.palgraveconnect.com - licensed to Monash University - PalgraveConnect - 2014-11-04
Austrian Theory and Economic Organization
10.1057/9781137368805 - Austrian Theory and Economic Organization, Edited by Guinevere Liberty Nell
10.1057/9781137368805 - Austrian Theory and Economic Organization, Edited by Guinevere Liberty Nell
Copyright material from www.palgraveconnect.com - licensed to Monash University - PalgraveConnect - 2014-11-04
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Reaching Beyond Free Market Boundaries
Guinevere Liberty Nell
10.1057/9781137368805 - Austrian Theory and Economic Organization, Edited by Guinevere Liberty Nell
Copyright material from www.palgraveconnect.com - licensed to Monash University - PalgraveConnect - 2014-11-04
Austrian Theory and Economic Organization
austrian theory and economic organization Copyright © Guinevere Liberty Nell, 2014. All rights reserved.
Where this book is distributed in the UK, Europe and the rest of the world, this is by Palgrave Macmillan, a division of Macmillan Publishers Limited, registered in England, company number 785998, of Houndmills, Basingstoke, Hampshire RG21 6XS. Palgrave Macmillan is the global academic imprint of the above companies and has companies and representatives throughout the world. Palgrave® and Macmillan® are registered trademarks in the United States, the United Kingdom, Europe and other countries. ISBN: 978-1-137-37141-6 Library of Congress Cataloging-in-Publication Data Austrian theory and economic organization : reaching beyond free market boundaries / [edited by] Guinevere Liberty Nell. pages cm Includes bibliographical references and index. ISBN 978-1-137-37141-6 (hardback : alk. paper) 1. Austrian school of economics. 2. Free enterprise. 3. Institutional economics. 4. Socialism. I. Nell, Guinevere Liberty, 1976HB98.A977 2014 330.15'7—dc232014007260 A catalogue record of the book is available from the British Library. Design by Amnet. First edition: August 2014 10 9 8 7 6 5 4 3 2 1
10.1057/9781137368805 - Austrian Theory and Economic Organization, Edited by Guinevere Liberty Nell
Copyright material from www.palgraveconnect.com - licensed to Monash University - PalgraveConnect - 2014-11-04
First published in 2014 by PALGRAVE MACMILLAN® in the United States—a division of St. Martin’s Press LLC, 175 Fifth Avenue, New York, NY 10010.
List of Figures
vii
Introduction1 I
Order and Efficiency in Free Markets
1 Improving Spontaneous Orders Randall G. Holcombe 2 The Problem of Unemployment When Markets Clear Daniel Kuehn
9 29
II The Firm in the
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