The Spatial Market Process

David Emanuel Andersson

ISBN 10: 178190006X / ISBN 13: 9781781900062

Published by Emerald Publishing Limited, GB, 2012

About this Item

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.

Seller Inventory # LU-9781781900062

Bibliographic Details

• Title: The Spatial Market Process
• Publisher: Emerald Publishing Limited, GB
• Publication Date: 2012
• Language: English
• ISBN 10: 178190006X
• ISBN 13: 9781781900062
• Binding: Hardback
• Condition: New
• Weight: 592 grams

About this title

Synopsis

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.

About the Author

David Emanuel Andersson - National Sun Yat-sen University, Singapore