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Market Process and Market Order: From Human Action, But Not of Human Design

Market Process and Market Order: From Human Action, But Not of Human Design

Hardcover

Series: Economy, Polity, and Society

EconomicsInvesting & FinanceGeneral Sociology

ISBN10: 1666915017
ISBN13: 9781666915013
Publisher: Lexington Books
Published: Sep 23 2022
Pages: 300
Weight: 1.34
Height: 0.81 Width: 6.00 Depth: 9.00
Language: English
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.

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