Search results

Chapter 1: Introduction: The Emergence of the Creative Society -- Chapter 2: The Creative Individual -- Chapter 3: The Entrepreneurial Individual -- Chapter 4: Cultural Individualism -- Chapter 5: Political Individualism -- Chapter 6: The Future of the Creative Society.

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

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.

Abstract:InSocialism after Hayek, Theodore Burczak uses Hayekian insights to argue in favor of a socialist society with real markets, but also with wealth redistribution and prohibition of wage labor. In so doing, he offers not only a socialist vision but also asks questions that may challenge Hayekian liberals to reformulate their institutional analyses. A critical assessment that combines Austrian and institutional theories leads to the conclusion that some redistributive policies may enhance the knowledge-disseminating function of markets, but that a market order that is limited to worker-managed firms diminishes the knowledge dissemination properties of the market process.

'This is a wonderfully subversive book that should be essential reading for all students of urban planning. Cities evolve under the influence of multiple individual land development plans. Coordination between these can happen to varying degrees, at various spatial scales, under the leadership of different organisations and through multiple mechanisms. Planning education and practice has by and large missed this point for over half a century. We need a new knowledge-base for city-shaping in the 21st century and this book lays some of the essential foundations.' (Chris Webster, University of Hong Kong). -- 'Not so very long ago the notion of private city planning would have been of interest to only a few die-hard libertarians. This book shows why no serious analysis of the forces shaping cities across the world today can neglect the role of private planning and the potential it might have to deliver more live-able urban places.' (Mark Pennington, King's College, University of London, UK). -- Through comprehensive case studies of privately planned cities and neighbourhood in Asia, Europe and North America, this book characterizes the theoretical basis and empirical manifestations of private urban planning. In this innovative volume, Andersson and Moroni develop an understudied aspect of urban planning and re-evaluate conceptions of our urban future. -- Urban planning is often construed only as a form of public planning. This misinterpretation is revealed through an empirical focus on how cities have been planned in the past and how the capacity of private actors will shape planning in the future. Private planning is responsible for most small-scale infill developments, ranging from single-family housing to hotels. However, examples of non-governmental actors that plan larger areas, such as homeowners' associations in the United States and private cities in India, are becoming manifest. Private urban planners are guided by price signals to supply infrastructure and regulations that make land more valuable. Using analytical tools from theoretical traditions such as Austrian and new institutional economics, the contributors to this book eschew the mainstream assumptions that underlie much of the critique of profit-seeking entrepreneurship among urban planners, sociologists and geographers.

Abstract
In this essay, we trace the evolution of four different patent laws in Sweden; from the first Swedish law of privilegia exclusiva in 1819 to the country becoming only the third country in the world to introduce novelty searches into the law of 1884. We discuss the ensuing contemporary public debates surrounding new proposals for legislation, as well as discernible effects of new patent laws. From being mainly a question about the "tyranny of monopolies" in the early laws to being one of "life and death for Swedish industry" in the subsequent laws, we show how changes in patent legislation resulted in three different types of innovation; technological, market and organizational. The results show that although the early laws implied severe litigation problems and considerably shorter patent terms, an early market for technology emerged as legislation had clearly established that intellectual property could be sold, bought and inherited. Concurrently the law of 1856 created a market for patenting services and patent agencies by requiring the use of Swedish agents by foreign patentees. Finally, foreign patenting increased as restrictions on patentees being non-Swedish citizens were gradually phased out.

In this challenging book, the authors demonstrate that economists tend to misunderstand capital. Frank Knight was an exception, as he argued that because all resources are more or less durable and have uncertain future uses they can consequently be classed as capital. Thus, capital rather than labor is the real source of creativity, innovation, and accumulation. But capital is also a phenomenon in time and in space. Offering a new and path-breaking theory, they show how durable capital with large spatial domains - infrastructural capital such as institutions, public knowledge, and networks - can help explain the long-term development of cities and nations