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Competition as an ambiguous discovery procedure: A reappraisal of Hayek's epistemic market liberalism
Witt, Ulrich - 2011
Epistemic arguments play a significant role in Hayek's defense of market liberalism. His claim that market competition is a discovery procedure that serves the common good is a case in point. The hypothesis of the markets' efficient use of existing knowledge is supplemented by the idea that...
Persistent link: https://www.econbiz.de/10010286745
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Competition as an ambiguous discovery procedure : a reappraisal of Hayek's epistemic market liberalism
Witt, Ulrich - 2011 - Revised version: May 2011
Hayek's version of market liberalism. -- competition ; innovation ; liberalism ; knowledge ; self-organization ; Hayek …
Persistent link: https://www.econbiz.de/10009126110
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Competition as an Ambiguous Discovery Procedure: A Reappraisal of Hayek's Epistemic Market Liberalism
Witt, Ulrich - Volkswirtschaft Abteilung, Fachbereich … - 2011
Epistemic arguments play a significant role in Hayek's defense of market liberalism. His claim that market competition is a discovery procedure that serves the common good is a case in point. The hypothesis of the markets' efficient use of existing knowledge is supplemented by the idea that...
Persistent link: https://www.econbiz.de/10009643731
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COMPETITION, INNOVATION AND WELFARE
Mukherjee, Arijit - University <Nottingham> / Department of Economics - 2005
,difference between the pre-innovation and the post-innovation costs is sufficiently large andthe R&D productivities are moderate. So, our …
Persistent link: https://www.econbiz.de/10005868763
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Transition Towards a Green Economy in Europe : Innovation and Knowledge Integration in the Renewable Energy Sector
Conti, Chiara - 2018
A major concern regarding innovation in clean technologies in the EU is that the fragmentation of its innovation system … hindering the movement towards the technological frontier. This paper evaluates the fragmentation of the EU innovation system in … integration of EU countries' innovation efforts and to assess how citation patterns changed over time. We show that EU RES …
Persistent link: https://www.econbiz.de/10012935118
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Innovation the Main Competitiveness Factor in a Global Economy
Bonciu, Florin I. - 2015
products and services also increased at an unprecedented pace.In this context the authors outline the role of innovation as a … the final part of the study focuses on the risks of an innovation divide that may appear among European Union countries … provisions of the Europe 2020 Strategy.The conclusions outline the speed of innovation and its dissemination in the world economy …
Persistent link: https://www.econbiz.de/10013012178
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Liberalism in Crisis and the Promise of a Reconstructed Liberalism
Boettke, Peter J. - 2020
What explains the simultaneous critiques of economic theory and liberalism during the 1930s? Early neoclassical economists had a common understanding of the proper institutional context under-girding a liberal market order. From the marginal revolution emerged a growing emphasis on analyzing...
Persistent link: https://www.econbiz.de/10012841431
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When liberty presupposes order : F. A. Hayek's learning ordoliberalism
Kolev, Stefan - 2021
This paper contextualizes the early political economy of Austrian economist and social philosopher F. A. Hayek in the intellectual milieu of German ordoliberalism. It argues that the particular urgency during the 1930s and 1940s to preserve and stabilize the disintegrating orders of economy and...
Persistent link: https://www.econbiz.de/10012426958
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Walter Eucken on competitive order at the founding meeting of the Mont Pèlerin Society 1947
Kolev, Stefan; Horn, Karen - 2022
This paper provides, after a contextualizing introduction, the first-time translation of Walter Eucken’s presentation during the first session of the founding meeting of the Mont Pèlerin Society, April 1-10, 1947. Eucken was the only scholar based in Germany to attend the conference and took...
Persistent link: https://www.econbiz.de/10013164738
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Elections vs. Political Competition : The Case of the Polish-Lithuanian Commonwealth
Podemska-Mikluch, Marta - 2014
In models of political economy, institutionalization of free and open elections is presented as infusing competition into a previously monopolized regime. Due to elections, representative democracies are thought to reflect the will of the majority as opposed to the will of the elites. I...
Persistent link: https://www.econbiz.de/10013063731