New Thinking in Austrian Political Economy.

Front Cover -- New Thinking in Austrian Political Economy -- Copyright Page -- Contents -- List of Contributors -- Introduction -- Notes -- References -- Rivalry, Polycentricism, and Institutional Evolution -- Introduction -- Economic Calculation and Its Institutional Implications -- Austrian Political Economy: Coase, Ostrom, and Endogenous Rule Formation -- Theory and History: The Role of Institutional Entrepreneurship in Spontaneous Order -- Conclusion -- Notes -- References -- The Role of Culture in Economic Action -- Introduction -- Weber's Links to the Austrians and His Cultural Economy -- Austrian Economics as a Science of Meaning -- Key Austrian Contributions to Understanding the Culture of Economic Action -- Future Research -- Notes -- References -- Superstition and Self-Governance -- Introduction -- Superstition and Self-Governing Adjudication -- Superstition and Self-Governing Property Protection -- Superstition and Self-Governing Collective Action -- Concluding Remarks -- Notes -- References -- Austrian Contributions to the Literature on Natural and Unnatural Disasters -- Introduction -- Disasters, Natural and Unnatural -- Overcoming Coordination Problems in Mundane Times -- The Socialist Calculation Debate -- The Knowledge Problem -- The Limits to Centralized Government Action -- The Capabilities of Decentralized Action -- Austrian Studies of Relief and Recovery after Natural Disasters -- Austrian Studies on the Political Economy Man-Made Disasters and Post-Disaster Reconstruction -- Conclusion -- Notes -- References -- Volatility in Catallactical Systems: Austrian Cycle Theory Revisited -- Introduction -- Austrian Cycle Theory in Brief -- Entrepreneurial Action without Equilibrium: Open-ended Choice -- Environments and Entrepreneurial Action: Buridan's Ass Deconstructed -- Public Ordering within the Macro Ecology of Plans.

Concluding Remarks -- References -- Treating Macro Theory as Systems Theory: How Might it Matter? -- Introduction -- Substance-Method Interaction: Ontology, Epistemology, and Social Theory -- Micro and Macro in Systems-theoretic Perspective -- Ecological Macro Theory: Exploring Its Schematics -- Closed System, Virtual Time -- Closed System, Genuine Time -- Open System, Genuine Time -- Recessions: How the Type of Theory Influences What a Theorist Sees -- Cycles as Phenomena of Ecological Coordination -- A Theory of Cyclical Unemployment -- Ecological Macro, Countercyclical Volatility, and Search Theory -- Banking Systems and Macro Theory -- Concluding by Looking Forward -- References -- Transitions to Open Access Orders and Polycentricity: Exploring the Interface between Austrian Theory and Institutionalism -- Introduction -- The Mainstream Approach to Social Order -- Weaknesses in the Mainstream Model of Transitions to Open Access Orders -- A Polycentric Model of Transitions to Open Access Orders -- Directions for Future Research -- Acknowledgments -- References -- An Austrian Approach to Class Structure -- Introduction -- A Brief Account of Class Structure in Social Economy -- Institutions in the Individualist Method -- An Austrian Approach to Class Structures -- Applications and Implications -- Coordination -- Social Capital -- Inequality, of Income and Otherwise -- Conclusion -- Notes -- References -- Calculating Bandits: Quasi-Corporate Governance and Institutional Selection in Autocracies -- Introduction -- Calculation and Economic Development -- The Stationary Bandit and Calculation -- Empirical Illustrations: Singapore and United Arab Emirates -- Singapore -- United Arab Emirates -- Conclusion -- Notes -- References -- Drones Come Home: Foreign Intervention and the Use of Drones in the United States -- Introduction -- The Boomerang Effect.

Drones as a Tool of Foreign Social Control -- Drones as an Illustration of the Boomerang Effect -- Arthur Cebrowski, Force Transformation, and Domestic Drone Use -- The Rise and Return of the Predator -- Implications of the Boomerang Effect: Domestic Drones and the Threat to Privacy and Liberty -- Conclusion -- Notes -- References.

Volume 19 includes research by scholars working within Austrian political economy. The contributors shed incisive light on a range of topics in Austrian economics including: the role of culture in post-disaster recovery, class structure, decentralized political orders, drones, institutional change, macroeconomics, and superstition and norms.

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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.