Wow! eBook
The Spatial Market Process
Author(s): David Emanuel Andersson (Author, Editor)
- Publisher: Emerald Publishing Limited
- Publication Date: July 4, 2012
- Language: English
- Print length: 350 pages
- ISBN-10: 178190006X
- ISBN-13: 9781781900062
Book Description
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.
Editorial Reviews
Review
Spatial economics – how distance influences economic behavior – is a primary component of Austrian economic theory. The authors here address spatial economics and other elements of Austrian economic theory from a variety of perspectives. Topics include: an Austrian theory of spatial land, entrepreneurship, spontaneous cities, agglomeration economies, land use planning and the question of unintended consequences, spatial concentration in the financial industry, and the use of knowledge in investment theory. Editor is Andersson (Institute of Public Affairs Management, National Sun Yat-sen U., Taiwan). Distributed in North America by Turpin Distribution. –Book News Inc. Portland, OR
About the Author
David Emanuel Andersson – National Sun Yat-sen University, Singapore
