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Epistemic arguments play a significant role in Hayek's defense of market liberalism. His claim that market competition … existing knowledge is supplemented by the idea that markets are also most effectively creating new knowledge. However, in his … assessment Hayek neglects the role of new technological knowledge. He ignores that the discovery procedure induces not only price …
Persistent link: https://www.econbiz.de/10010286745
Hayek's version of market liberalism. -- competition ; innovation ; liberalism ; knowledge ; self-organization ; Hayek …Epistemic arguments play a significant role in Hayek's defense of market liberalism. His claim that market competition … existing knowledge is supplemented by the idea that markets are also most effectively creating new knowledge. However, in his …
Persistent link: https://www.econbiz.de/10009126110
Epistemic arguments play a significant role in Hayek’s defense of market liberalism. Hisclaim that market competition … existing knowledge issupplemented by the idea that markets are also most effectively creating new knowledge.However, in his … assessment Hayek neglects the role of new technological knowledge. Heignores that the discovery procedure induces not only price …
Persistent link: https://www.econbiz.de/10009138586
mainly elaborated by the evolutionist and Austrian traditions to explain the link between innovation and economic development … offers a different image of the entrepreneur action and enables to introduce, in between innovation and economic development …
Persistent link: https://www.econbiz.de/10008501847
of technological competition between a dominant design and a set of alternative green technologies. The incremental … the extent to which different stocks and combinations of knowledge might explain such heterogeneity in innovative efforts … and positioning in the landscape. Our results suggest that a stock of ''brown'' knowledge closely related to ''green …
Persistent link: https://www.econbiz.de/10013161534
to states of uncertainty be explicitly dealt with. We argue that ‘knowledge,’ because of the existence of uncertainty is … ‘energy gradients’ and ‘knowledge gradients’ as essential concepts in understanding economic emergence and resultant economic …
Persistent link: https://www.econbiz.de/10010576973
This paper discusses, first, the properties of scientific and technological knowledge and the institutions supporting …
Persistent link: https://www.econbiz.de/10003209434
This interview was commissioned in October 2019 for a special issue on ‘Accumulation and Politics: Approaches and Concepts’ to be published by the Revue de la régulation. We submitted the text in March 2020, only to learn two months later that it won’t be published. The problem, we were...
Persistent link: https://www.econbiz.de/10012222108
This article pursues two goals. First, to reflect on how <italic>historical Ordnungsökonomik</italic> (Economics of Order) illuminates the politico-economic crises in today's Western democracies via the increasing parallels to the fragilities and fractures of the 1930s. Second, based on these historical...
Persistent link: https://www.econbiz.de/10015427318
established. Hayek’s "learning ordoliberalism" emerged during the socialist calculation debates when knowledge became the center … of his oeuvre, so that he aimed at identifying rules which could enhance the use of knowledge in society and thus …
Persistent link: https://www.econbiz.de/10012426958