The Economics of Ignorance and Coordination

The Economics of Ignorance and Coordination
Author: Thierry Aimar
Publisher: Edward Elgar Publishing
Total Pages: 319
Release: 2014-05-14
Genre: Business & Economics
ISBN: 1781007810

This book clarifies the specific nature of the Austrian theory and restores the unity and open-mindedness of the Austrian school in general. The intention is not to offer a collection of different or parallel ideas, but rather to retrace, from a pedagogic

Ignorance and Uncertainty

Ignorance and Uncertainty
Author: Olivier Compte
Publisher: Cambridge University Press
Total Pages: 303
Release: 2019
Genre: Business & Economics
ISBN: 1108422020

Proposes novel methods to incorporate ignorance and uncertainty into economic modeling without complex mathematics.

Ignorance and Surprise

Ignorance and Surprise
Author: Matthias Gross
Publisher: MIT Press
Total Pages: 255
Release: 2010-05-07
Genre: Technology & Engineering
ISBN: 0262265613

The relationship between ignorance and surprise and a conceptual framework for dealing with the unexpected, as seen in ecological design projects. Ignorance and surprise belong together: surprises can make people aware of their own ignorance. And yet, perhaps paradoxically, a surprising event in scientific research—one that defies prediction or risk assessment—is often a window to new and unexpected knowledge. In this book, Matthias Gross examines the relationship between ignorance and surprise, proposing a conceptual framework for handling the unexpected and offering case studies of ecological design that demonstrate the advantages of allowing for surprises and including ignorance in the design and negotiation processes. Gross draws on classical and contemporary sociological accounts of ignorance and surprise in science and ecology and integrates these with the idea of experiment in society. He develops a notion of how unexpected occurrences can be incorporated into a model of scientific and technological development that includes the experimental handling of surprises. Gross discusses different projects in ecological design, including Chicago's restoration of the shoreline of Lake Michigan and Germany's revitalization of brownfields near Leipzig. These cases show how ignorance and surprise can successfully play out in ecological design projects, and how the acknowledgment of the unknown can become a part of decision making. The appropriation of surprises can lead to robust design strategies. Ecological design, Gross argues, is neither a linear process of master planning nor a process of trial and error but a carefully coordinated process of dealing with unexpected turns by means of experimental practice.

The Oxford Handbook of Mutual, Co-operative, and Co-owned Business

The Oxford Handbook of Mutual, Co-operative, and Co-owned Business
Author: Jonathan Michie
Publisher: Oxford University Press
Total Pages: 705
Release: 2017
Genre: Business & Economics
ISBN: 0199684979

This Handbook investigates all types of 'member owned' organizations, whether consumer co-operatives, agricultural and producer co-operatives, or worker co-operatives among many others. The chapters reflect the latest academic research and thinking on each topic, as well as reporting the relevant policy debates.

Democracy and Political Ignorance

Democracy and Political Ignorance
Author: Ilya Somin
Publisher: Stanford University Press
Total Pages: 277
Release: 2013-10-02
Genre: Law
ISBN: 0804789312

One of the biggest problems with modern democracy is that most of the public is usually ignorant of politics and government. Often, many people understand that their votes are unlikely to change the outcome of an election and don't see the point in learning much about politics. This may be rational, but it creates a nation of people with little political knowledge and little ability to objectively evaluate what they do know. In Democracy and Political Ignorance, Ilya Somin mines the depths of ignorance in America and reveals the extent to which it is a major problem for democracy. Somin weighs various options for solving this problem, arguing that political ignorance is best mitigated and its effects lessened by decentralizing and limiting government. Somin provocatively argues that people make better decisions when they choose what to purchase in the market or which state or local government to live under, than when they vote at the ballot box, because they have stronger incentives to acquire relevant information and to use it wisely.

Austrian Economics Re-examined

Austrian Economics Re-examined
Author: Gerald P O'Driscoll Jr
Publisher: Routledge
Total Pages: 469
Release: 2014-12-05
Genre: Business & Economics
ISBN: 1317691350

Austrian Economics Re-examined: The Economics of Time and Ignorance is an expanded version of the 1996 edition of The Economics of Time and Ignorance. This work is a classic statement of the role of subjectivism, radical uncertainty and change through real time in Austrian economics specifically, and in modern economics more generally. The new book contains the full text and Introductions of the earlier edition as well as the comprehensive previously-unpublished essay "What is Austrian Economics?" and a new Introduction. The essay is a comprehensive overview of the central themes of the book from a somewhat different perspective than in the book itself. It supplements the analysis in the book. The new Introduction explains that the 2007-8 financial crisis and recent developments in behavioural economics have made the book more relevant than ever before. Austrian Economic Re-examined develops and systematizes the fundamental principles of the Austrian tradition to the analysis of rational expectations, business cycles, monetary theory competition and monopoly, and capital theory. The Open Access version of this book, available at https://www.taylorfrancis.com/books/oa-edit/10.4324/9781315776736, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license.

Refusing Ignorance

Refusing Ignorance
Author: Marian I. Hughes
Publisher: North Country Books
Total Pages: 0
Release: 1998
Genre: African American children
ISBN: 9780962536823

Friedrich A. Hayek

Friedrich A. Hayek
Author: John Cunningham Wood
Publisher: Taylor & Francis US
Total Pages: 398
Release: 2004
Genre: Economics
ISBN: 9780415310581

Hayek's work continues to have a huge influence and this collection will chart the various responses to his work up to the present day, addressing the many and multifaceted contributions that his work has made to the study of economics.

Looking Forward

Looking Forward
Author: Michael Albert
Publisher: South End Press
Total Pages: 172
Release: 1991
Genre: Business & Economics
ISBN: 9780896084056

How work can be organized efficiently and productively without hierarchy; how consumption could be fulfilling and also equitable; and how participatory is planning could promote solidarity and foster self-management.

Competition and Entrepreneurship

Competition and Entrepreneurship
Author: Israel M. Kirzner
Publisher: University of Chicago Press
Total Pages: 256
Release: 1978-09-15
Genre: Business & Economics
ISBN: 0226437760

Stressing verbal logic rather than mathematics, Israel M. Kirzner provides at once a thorough critique of contemporary price theory, an essay on the theory of entrepreneurship, and an essay on the theory of competition. Competition and Entrepreneurship offers a new appraisal of quality competition, of selling effort, and of the fundamental weaknesses of contemporary welfare economics. Kirzner's book establishes a theory of the market and the price system which differs from orthodox price theory. He sees orthodox price theory as explaining the configuration of prices and quantities that satisfied the conditions for equilibrium. Mr. Kirzner argues that "it is more useful to look to price theory to help understand how the decisions of individual participants in the market interact to generate the market forces which compel changes in prices, outputs, and methods of production and in the allocation of resources." Although Competition and Entrepreneurship is primarily concerned with the operation of the market economy, Kirzner's insights can be applied to crucial aspects of centrally planned economic systems as well. In the analysis of these processes, Kirzner clearly shows that the rediscovery of the entrepreneur must emerge as a step of major importance.