Competition Economic Planning And The Knowledge Problem
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Competition Economic Planning And The Knowledge Problem
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Author : Israel M. Kirzner
language : en
Publisher: Collected Works of Israel M. K
Release Date : 2018
Competition Economic Planning And The Knowledge Problem written by Israel M. Kirzner and has been published by Collected Works of Israel M. K this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with Business & Economics categories.
Competition, Economic Planning, and the Knowledge Problem expands on the ideas Kirzner first discussed in Competition and Entrepreneurshipthe role of the entrepreneur and its relation to the determination of prices and the coordination of individuals plansas well as economic planning, the knowledge problem, market-process theory, and the parts played by information, knowledge and advertising. It includes a paper on F. A. Hayeks theory of market coordination and the Austrian business-cycle theoryseen now for the first time in its original English. As a whole, the volume expresses Kirzners understanding that economics cannot be separated from its human element. Competition is a rivalrous process of entrepreneurial activity in which individuals and firms discover, innovate, and outdo each other. Kirzner discusses why this dynamic view of the economy is so important to understand, particularly in the contexts of economic planning and the workings of competitive markets. Over the course of this books nineteen articles and one monograph, Kirzner also stresses another point: though knowledge is present in all economic interaction, it is also dispersed in the economy such that no individual mind can ever centralize it all. This knowledge problem implies, as Mises and Hayek have argued, the impossibility of central planning. Kirzners contribution is to show that, ultimately, it is only the free, competitive entrepreneurial process that can overcome this problem through generation of knowledge that enables the most efficient allocation of scarce resources.
National Economic Planning
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Author : Don Lavoie
language : en
Publisher: Cato Institute
Release Date : 1985-06-01
National Economic Planning written by Don Lavoie and has been published by Cato Institute this book supported file pdf, txt, epub, kindle and other format this book has been release on 1985-06-01 with Political Science categories.
Don Lavoie argues that the radical Left's enthusiasm for planning has been a tragic mistake and that progressive social change requires the abandonment of this traditional view. Lavoie argues that planning—whether Marxism, economic democracy, or industrial policy—can only disrupt social and economic coordination. He challenges both radicals and their critics to begin reformulating our whole notion of progressive economic change without reliance on central planning. National Economic Planning: What is Left? will challenge thinkers and policymakers of every political persuasion.
The Meaning Of The Market Process
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Author : Israel M Kirzner
language : en
Publisher: Routledge
Release Date : 2002-09-11
The Meaning Of The Market Process written by Israel M Kirzner and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-09-11 with Business & Economics categories.
Israel Kirzner is the foremost proponent of the modern Austrian theory of the market process. This book offers substantive insights in support of this theory and a new historical interpretation of how the ideas of modern Austrians emerged.
An Entrepreneurial Theory Of The Firm
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Author : Frédéric Sautet
language : en
Publisher: Routledge
Release Date : 2000-05-11
An Entrepreneurial Theory Of The Firm written by Frédéric Sautet and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000-05-11 with Business & Economics categories.
This original, provocative work encompasses a wealth of existing literature and leads it in a new direction. It will inspire economic scholars particularly within the fields of Austrian economies and the theory of the firm.
Prices And Knowledge
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Author : Esteban F. Thomsen
language : en
Publisher: Routledge
Release Date : 2002-01-22
Prices And Knowledge written by Esteban F. Thomsen and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-01-22 with Business & Economics categories.
First published in 1992. Routledge is an imprint of Taylor & Francis, an informa company.
Comparative Economic Systems
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Author : A. Zimbalist
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Comparative Economic Systems written by A. Zimbalist and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
3 edge, methods and theory. I turn now to some of my own reflections on this score. Some Reflections My first proposition is that if we are interested in analyzing the performance and dynamic properties of the world's economies, it is only at significant peril that comparative economists can overlook noneconomic or "political" factors. This is not to say that it is illegitimate to abstract from non-economic factors for particular purposes; rather, such abstraction should occur only with cogni zance of the influences being suppressed. I have argued elsewhere that the analytical compromise in suppressing noneconomic variables is greater for the study of planned than for market economies. [7] Borrowing from Polanyi [8], it is claimed that in market sys tems the economic sphere is disembedded from (separate and not subordinate to) the political, social and cultural spheres, while in planned systems the economic sphere is embedded in the noneconomic spheres. To be sure, market economies are strongly affected by political and cultural factors, but planned economies have and often exercise the potential to let political goals dominate in making production, allocational, or distributional choices. Indeed, it is difficult in practice to separate out what are political and what are economic decisions in planned systems.
Socialism And The Market
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Author : Peter J. Boettke
language : en
Publisher: Psychology Press
Release Date : 1999-12-23
Socialism And The Market written by Peter J. Boettke and has been published by Psychology Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-12-23 with Business & Economics categories.
This set contains the material necessary for a full understanding of the Socialist Calculation debate, as well as giving critical insight into the relative merits of Capitalism, Socialism and the alternative Market Socialism.
Growth Through Competition
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Author : Spārṭakas
language : en
Publisher:
Release Date : 1969
Growth Through Competition written by Spārṭakas and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1969 with Business & Economics categories.
Perfect Competition And The Transformation Of Economics
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Author : Frank Machovec
language : en
Publisher: Routledge
Release Date : 1995-05-04
Perfect Competition And The Transformation Of Economics written by Frank Machovec and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995-05-04 with Business & Economics categories.
Frank Machovec argues that the assumption of perfect information has done untold economic damage. It has provided the rationale for active state intervention and has obscured the extent to which entrepreneurial activity depends upon the exploitation of asymmetric information.
The People S Republic Of Walmart
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Author : Leigh Phillips
language : en
Publisher: Verso Books
Release Date : 2019-03-05
The People S Republic Of Walmart written by Leigh Phillips and has been published by Verso Books this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-03-05 with Political Science categories.
Are multi-national corporations like Walmart and Amazon laying the groundwork for international socialism? For the left and the right, major multinational companies are held up as the ultimate expressions of free-market capitalism. Their remarkable success appears to vindicate the old idea that modern society is too complex to be subjected to a plan. And yet, as Leigh Phillips and Michal Rozworski argue, much of the economy of the West is centrally planned at present. Not only is planning on vast scales possible, we already have it and it works. The real question is whether planning can be democratic. Can it be transformed to work for us? An engaging, polemical romp through economic theory, computational complexity, and the history of planning, The People’s Republic of Walmart revives the conversation about how society can extend democratic decision-making to all economic matters. With the advances in information technology in recent decades and the emergence of globe-straddling collective enterprises, democratic planning in the interest of all humanity is more important and closer to attainment than ever before.