A Hayekian Economic Model of Thinking
The aim of this paper is to demonstrate that the economical model of thinking developed by Hayek can be verified through the game theory and theory of network. The model of Hayek involves the individual freedom as implicit condition for spontaneous order and economic activity. We have verified the hypothesis: The sum of whole individuals’ utility is greater than the individual’s utility. The analyze is a theoretical one and like instruments we use the game theory and the network theory. The result show that individual wellbeing leads to the welfare society.
Year of publication: |
2011
|
---|---|
Authors: | Veronica, Coca |
Published in: |
Ovidius University Annals, Economic Sciences Series. - Facultatea de Ştiinţe Economice, ISSN 1582-9383. - Vol. XI.2011, 1, p. 413-416
|
Publisher: |
Facultatea de Ştiinţe Economice |
Subject: | methodological individualism | utility | spontaneous order | network effect |
Saved in:
freely available
Saved in favorites
Similar items by subject
-
Do engineers believe in spontaneous order? : the case of Jacques Rueff
Carret, Vincent, (2023)
-
Austrian Philosophy Notes; What Is the Methodological Individualism of the Austrian School?
Freire, Joseph Alexander, (2018)
-
Incorporating Ethics into Economics: Problems and Possibilities
Rowen, Donna, (2004)
- More ...