Non-Market Coordination: Towards an Ecological Response to Austrian Economics
AbstractAlthough the ecological tradition tends to favour a substantive role for non-market institutions in securing objectives such as environmental sustainability, Green theorists have paid relatively little attention to the important challenge posed to such proposals by the pro-market arguments of Austrian economics. The methods of ecological economics, such as multiple criteria evaluation, offer important potential for responding to the Austrian thesis that democratic, non-market institutions face a coordination problem in the face of complexity. However, the development of an adequate ecological response to the Austrians requires clarification of the conceptual underpinnings and potential scope of such methods.
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Bibliographic InfoArticle provided by White Horse Press in its journal Environmental Values.
Volume (Year): 17 (2008)
Issue (Month): 4 (November)
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Web page: http://www.erica.demon.co.uk
Valuation; markets; commensurability; multiple criteria analysis; complexity;
Find related papers by JEL classification:
- B53 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Austrian
- B59 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Other
- D52 - Microeconomics - - General Equilibrium and Disequilibrium - - - Incomplete Markets
- Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
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- Elena Bianca Vieru, 2012. "The Ecologist Spirit Underneath Austrian Economist Clothes," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 4, pages 236-242, December.
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