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Bringing together several scholars from different social science disciplines who relate Hayek's theory of social change to empirical phenomena and methodological debates within their respective disciplines, Toward a Hayekian Theory of Social Change explores Hayek's political economy and social philosophy in new perspective.
This book explores the life and work of Austrian-British economist, political economist, and social philosopher, Friedrich Hayek. Hayek saw order emerging from individual action and responsibility under the appropriate institutional order that itself emerges from actors discovering new and better ways to coordinate their behavior.
Conventional wisdom has it that government management of the economy is the means to transform a backward economy into a dynamic, modern one. This book showcases a range of development experiences in order to ascertain the reasons for this quagmire.
This collection gathers together outstanding material which not only illustrates Robinson's intellectual path but, in doing so, documents the major debates in economic theory.
Argues that instead of traditional approaches to development policy in Sub-Saharan Africa, the focus needs to be on adoption of sound political and legal institutions, with private property rights to encourage entrepreneurship and economic growth. This book examines case studies of property rights reform in the developing world.
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