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Hayek's Political Economy: The Socio-economics of Order
Contributor(s): Fleetwood, Steve (Author)
ISBN: 0415129095     ISBN-13: 9780415129091
Publisher: Routledge
OUR PRICE:   $161.50  
Product Type: Hardcover - Other Formats
Published: September 1995
Qty:
Annotation:

"Hayek's Political Economy" draws many of Hayek's insights together by locating them within newly emerging methodological perspective of critical realism and by scrutinizing the phenomena of knowledge and ignorance. Steve Fleetwood argues that understanding how agents communicate knowledge and cope with ignorance leads directly to a focus upon social rules which is essential in addressing the question of order, and he illustrates how it is possible to abandon the notion of equilibrium without falling into analytical anarchy.

Additional Information
BISAC Categories:
- Business & Economics | Economic History
- Business & Economics | Economics - General
Dewey: 330.092
LCCN: 95011821
Lexile Measure: 1450
Series: Routledge Studies in the History of Economics
Physical Information: 0.5" H x 6.14" W x 9.21" (0.99 lbs) 190 pages
 
Descriptions, Reviews, Etc.
Publisher Description:

In a society where no central agency coordinates the human activity of producing, selling and buying, why is there order and not chaos? This fundamental question has taxed generations of economists. Hayek's notion of spontaneous order goes some way to providing an answer.
Hayek's Political Economy argues that afer explicitly rejecting positivism, Hayek was free to embrace reality and offer an explanation of the process involved in bringing about order.