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F. A. Hayek, a prominent 20th-century political economist in the Austrian tradition,
won the Nobel Prize in Economics in 1974 for his pioneering work on the theory of
money and economic fluctuations and on comparative institutional analysis. Hayek''s
research highlights the importance and dispersed nature of knowledge, advancing
an interdisciplinary approach to understanding human behavior. Like any great and
productive scholar, he left behind a body of work that includes tensions, flaws, and
inconsistencies that must be confronted by scholars looking to engage, critique, and
advance his distinctive project in political economy.
Hayek''s work is important but also open for contestation and improvement. Hayek''s
Tensions: Reexamining the Political Economy and Philosophy of F. A. Hayek presents
a critical assessment of Hayek''s research and ideas and identifies sources of tension
within his writing. The contributions to this edited volume include original chapters by
eminent scholars of complexity theory, of Austrian economics, and of Hayek himself.
The book''s key takeaway is that the research program Hayek developed continues as
an open-ended project, both as a social-scientific approach and as a classical liberal
vision of a free society, rather than as a static dogma or set of theories from a bygone
era. Taken as a whole, this volume identifies important questions and areas for future
research by the next generation of political economists.
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Crises occur in all societies across world, and can be natural (such as hurricanes, flooding, and earthquakes), man-made (such as wars and economic downturns), or, often, a combination of both (such as famines, the flooding of New Orleans in 2005 after Hurricane Katrina and subsequent levy failures, and the earthquake, tsunami, and nuclear disaster in Japan in 2011). Crises cause fatalities, injuries, and property damages as well as introduce uncertainty and challenges for individuals, societies, and polities. Yet, we see individuals and communities rebounding effectively from crises all the time. How do communities go about returning to normalcy and beginning again the mundane life of every day affairs?
This edited volume looks at bottom-up responses to crises. The chapters in this volume will highlight the ingenuity and persistence of individuals and private organizations as well as discuss the possibilities, limitations, and adaptability of bottom-up responses. It argues that there are many ways that local leaders, entrepreneurs, and community members can play a role in their own recovery by examining the capabilities, feedback mechanisms, and network effects of decentralized crisis response and recovery efforts. Chapters will focus on the role of local emergency managers in the disaster management process and offer suggestions for reform and the role of businesses, citizens, and children in providing crisis response and recovery. This book will also consider theories of self-governance and nonviolent action in encouraging and sustaining bottom-up recovery.1 838 kr
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Elinor C. Ostrom, a Nobel prize winning political economist, made important contributions to common pool resources, economic governance, and polycentricity. Viviana A. Zelizer, a prominent economic sociologist, has done groundbreaking work on how culture shapes our economic lives. Together, the work of Ostrom and Zelizer spans the disciplines of economics, sociology, political science, and public policy by exploring the social relations and community-based organization of everyday life. Both scholars examine the norms, social connections, and cultural impacts of exchange and governance. This volume explores their contributions and builds off of their research programs to explore the social movements, community recovery, and war, and women’s issues across a variety of disciplines, including economics, political science, sociology, history, and archaeology.
Inspired by Zelizer’s 2019 Ostrom Speaker Series lecture for the F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center at George Mason University, this volume explores the connections between the work of Elinor Ostrom and Viviana Zelizer. Beginning with a lead chapter by Zelizer where she reflects on the connections between her work and Ostrom’s oeuvre, the volume brings together scholars who tease out some of the important concepts and implications of Ostrom and Zelizer’s research. This volume furthers economic inquiry by ensuring that the critical examinations of these timely and important themes are made available to students and scholars.
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