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This book examines the institutional dimension of markets and the rules and institutions that condition the operation of market economies.
In addition to his influential scholarship on economic and social theory, F. A. Hayek greatly impacted theoretical psychology with his book "The Sensory Order." Perhaps because he was a social scientist, Hayek s work in psychology has been mostly overlooked. Editor Viktor Vanberg frames "The Sensory Order" as an essential work necessary for any deeper understanding of Hayek s economic and social philosophy while adding on several important essays by Hayek that help illuminate the ideas of the book since its original publication in 1952. As volume 14 of the Collected Works of F. A. Hayek, "The Sensory Order "will definitively take its place as an integral and foundational part of Hayek s oeuvre."
First published in 1994. Routledge is an imprint of Taylor & Francis, an informa company.
This important research literature review discusses some of the most prominent literature in the field of individual choice and economic welfare. It analyses material exploring how economics as a scientific enterprise may inform political decision-making. The premise is explored paradigmatically through different interpretations including utility-individualism in the context of welfare economics, preference-individualism in social choice theory, and choice-individualism in constitutional economics. The review covers the foundational literature as well as contemporary pieces, which have sparked further discussion in the field. This review will be valuable to researchers and scholars alike as well as to all those gravitating towards this fascinating topic.
Expanded and updated coverage of such key areas as positivism and economic methodology as well as special methodological problems and perspectives enhances this new edition of twenty-two classic and more recent pivotal investigations into the philosophy of economics.
More than any previous single book, this volume is a comprehensive overview of the work of James M. Buchanan, 1986 Nobel Laureate in economic science. The twenty-six contributions in it are particularly informative of Buchanan's work from the early 1950s to the mid-1980s.
This volume, explores the nature of economics as a science, including classic texts and newer essays.
This important collection brings together the most prominent literature in the field of choice and economic welfare. The volume incorporates material exploring how economics as a scientific enterprise may inform political decision-making. A premise explored paradigmatically through different interpretations including utility-individualism in the context of welfare economics, preference-individualism in social choice theory, and choice-individualism in constitutional economics. The volume includes an array of the subjects founding literature as well as contemporary pieces, which have sparked further discussion in the field. Brought together by an original introduction by the editor, this one-volume collection promises to be a valuable tool for researchers and scholars, as well as a fascinating read to those gravitating towards this fascinating topic.
In just over 30 years, Geoff Hodgson has made substantial contributions to institutional economics, evolutionary economics, economic methodology, the history of economic thought and social theory. To mark his seminal work, this volume brings together original contributions by world-leading scholars in specific areas that have played a significant role in influencing his thinking or represent key debates to which he has contributed. Building on some of the most significant philosophical and methodological foundations underlying Hodgson's work, the volume is organised around the recurring themes of institutions, evolution and capitalism.
This extensive book explores in detail a wide range of topics within the public choice and constitutional political economy tradition, providing a comprehensive overview of current work across the field. The expert contributions are underpinned by the notion of moving economic thinking away from the analysis of the logic of a situation given a set of well-established and well-enforced Ôrules of the gameÕ towards a deeper analysis of the logic behind the selection of the rules of the game themselves. Within this context, the theme of choice between rules (as well as the more conventional analysis within rules) across historical time and place, and in various thought experiments and conceptu...