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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.
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.
First published in 1994. Routledge is an imprint of Taylor & Francis, an informa company.
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."
What is the nature and role of competition in markets and politics?This book examines the institutional dimension of markets and the rules and institutions that condition the operation of market economies. Particular attention is paid to the the role of the state, specifically the role of governments in shaping and maintaining the economic constitu
"The projected nineteen-volume Collected Works of F.A. Hayek series, when complete, will contain newly edited editions of Hayek's books, articles, and letters; interviews with the author; and hitherto unpublished manuscripts"--Volume 11, jacket.
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In addition to his groundbreaking contributions to pure economic theory, F. A. Hayek also closely examined the ways in which the knowledge of many individual market participants could culminate in an overall order of economic activity. His attempts to come to terms with the “knowledge problem” thread through his career and comprise the writings collected in the fifteenth volume of the University of Chicago Press’s Collected Works of F. A. Hayek series. The Market and Other Orders brings together more than twenty works spanning almost forty years that consider this question. Consisting of speeches, essays, and lectures, including Hayek’s 1974 Nobel lecture, “The Pretense of Knowledg...