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Property Rights, Consumption and the Market Process (New Horizons in Institutional and Evolutionary Economics series) - Hardcover

Andersson, David Emanuel

 
9781847209559: Property Rights, Consumption and the Market Process (New Horizons in Institutional and Evolutionary Economics series)
Hardcover
ISBN 10: 1847209556 ISBN 13: 9781847209559
Publisher: Edward Elgar Publishing, 2008

Synopsis

Property Rights, Consumption and the Market Process extends property rights theory in new and exciting directions by combining complementary insights from Austrian, institutional and evolutionary economics. Mainstream economics tends to analyse property rights within a static equilibrium framework. In this book David Andersson reformulates property rights theory as an evolutionary theory of the market process.

This original work includes many valuable insights and new analysis such as:


  • combining Yoram Barzel's theory of property rights, Ludwig Lachmann's theory of capital, the resource-based view of the firm and the entrepreneurship theories of Frank Knight, Joseph Schumpeter and Israel Kirzner
  • applying Ronald Inglehart's theory of value change to discontinuities in how imitative behaviour influences consumer choice
  • a new distributional perspective on the Hayekian knowledge problem
  • a model of consumer choice that combines lexicographic characteristics and learning processes
  • a methodological approach that considers the perceived causal and evidential utilities of a theory
  • original empirical material (hedonic price functions and case studies) and new areas of application for important computer simulation results.


David Andersson's book will be warmly welcomed by heterodox economists and new institutional economists, as well as economists of entrepreneurship studies, regional development and urban planning.

"synopsis" may belong to another edition of this title.

About the Author

David Emanuel Andersson, Professor of Management, IBMBA Program, National Sun Yat-sen University, Taiwan and Adjunct Professor, International School of Management and Technology, Feng Chia University, Taiwan

"About this title" may belong to another edition of this title.

Publisher
Edward Elgar Publishing
Publication date
2008
Language
English
ISBN 10 
1847209556
ISBN 13 
9781847209559
Binding
Hardcover
Number of pages
192