The Spatial Market Process / edited by David Emanuel Andersson.

Material type: Text

TextSeries: Advances in Austrian economics ; v. 16.Publication details: Bingley : Emerald Books, 2012.Description: 1 online resource (200 pages)Content type:

text

Media type:

computer

Carrier type:

online resource

ISBN:

9781781900079
1781900078

Subject(s):

Genre/Form:

Additional physical formats: Print version:: Spatial Market Process.DDC classification:

330.157 22

LOC classification:

HB98

Online resources:

Click here to access online

Contents:

An Austrian theory of spatial land / Fred E. Foldvary -- Regional economic analysis: The case for methodological individualism / Samuli Leppälä, Pierre Desrochers -- Time, space, and capital / Åke E. Andersson -- Entrepreneurship, knowledge, space, and place: Evolutionary economic geography meets Austrian economics / Erik Stam, Jan Lambooy -- Entrepreneurship in action space / Sanford Ikeda -- Schumpeterian innovations, the Coase Theorem, and sustainable development: A Hong Kong case study of bus innovations -- Lawrence W.C. Lai, Frank T. Lorne -- Spontaneous cities / Peter Gordon -- The rise and fall of agglomeration economies / Randall G. Holcombe -- Institutions, agglomeration economies, and interstate migration / David Emanuel Andersson, James A. Taylor -- Land-use planning and the question of unintended consequences / Stefano Moroni -- Novelty-bundling markets / Jason Potts -- Spatial concentration in the financial industry / Johanna Palmberg -- The use of knowledge in investment theory / Johan E. Eklund, Johan P. Larsson.

Summary: 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.

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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.

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