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The Spatial Market Process

The Spatial Market Process

Hardcover

Series: Advances in Austrian Economics, Book 16

Economics

ISBN10: 178190006X
ISBN13: 9781781900062
Publisher: Emerald Pub Ltd
Published: Jul 4 2012
Pages: 350
Weight: 1.52
Height: 0.81 Width: 6.14 Depth: 9.21
Language: English
Key features of Austrian economic theory are the use of methodological individualism, the view that entrepreneurs cause development, and the recognition that local knowledge is largely tacit and thus difficult to communicate. The contributors to The Spatial Market Process show how these and other Austrian features provide an alternative foundation for understanding the spatial manifestation of economic phenomena. Many chapters elaborate upon theoretical insights first formulated by F.A. Hayek. The work of urban theorist Jane Jacobs, the entrepreneurship theories of both Joseph Schumpeter and Israel Kirzner, transaction costs in the Coasean tradition, and Fritz Machlup's notion of knowledge conveyors are examples of other theoretical constructs that are integrated into new spatial theories by the contributors; combining classical Austrian theories with contemporary breakthroughs.

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Economics