Buy New perspectives on economic development by Fu Lai (Tony) Yu
close menu
Bookswagon
search
My Account
Book 1
Book 2
Book 3
Book 1
Book 2
Book 3
Book 1
Book 2
Book 3
Book 1
Book 2
Book 3
Home > Business and Economics > Economics > Economic systems and structures > New perspectives on economic development: A human agency approach
New perspectives on economic development: A human agency approach

New perspectives on economic development: A human agency approach


     0     
5
4
3
2
1



Out of Stock


Notify me when this book is in stock
X
About the Book

This book is the first of its kind to use Austrian subjectivism to analyze issues in economic development. Unlike scholars in mainstream neoclassical economics who explain economic development by quantitative growth models, this book attempts to understand economic progress in human agency perspective. In this approach, human agency is placed at the centre of economic analysis. This book begins with a review of the theories of economic development in the history of Austrian economics, with the intention of extending the contributions of major Austrian economists to development economics. After pointing out the weaknesses in the orthodox neoclassical approach to economic growth, the book then puts forward a subjectivist methodology which integrates the contributions of Max Weber, Alfred Schutz and Austrian Economists to interpret economic phenomena and policies. This chapter also serves as a methodological foundation for arguments elaborated in subsequent chapters. The rest of the book discusses important issues in economic development, namely, entrepreneurial process, national capabilities, innovation, trade, government, transition and catching up strategies for firms in latecomer economies. The book ends with concluding remarks and a proposal for a new research agenda in economic development. This book is well written, free from mathematics and is highly readable. It adds new insights not only in economics, but also in management, politics and social sciences. It will be useful to scholars, policy makers and students in economic development, entrepreneurship, theory of the firm, management of innovation, government policy, economic sociology, Austrian and evolutionary economics.

Table of Contents:
Preface and Acknowledgements. 1. Economic development in Austrian economics. 1.1. Introduction: economic development in Austrian economics. 1.2. Carl Menger: uncertainty, knowledge and entrepreneurship. 1.3. Eugene von Bohm-Bawerk: the roundabout production process in the capitalist development. 1.4. Ludwig von Mises: entrepreneurship, economic calculation and the market process. 1.5. Friedrick A. Hayek: competition, discovery process and spontaneous growth. 1.6. Israel M. Kirzner: entrepreneurial discovery as engine of economic growth. 1.7. Implications on constructing an Austrian model of economic development. References. 2. Bringing human agency back in: a subjectivist approach to economic development. 2.1. Orthodox neoclassical approaches to economic development: a critique. 2.2. Uncertainty, knowledge problems and entrepreneurship as the centre of economic analysis. 2.3. Foundations of the Austrian subjectivist approach. 2.4. Human action, sense-making and the formation of interpretation framework. 2.5. Entrepreneurial learning and the market process. 2.6. Trial and error elimination. 2.7. Competition, market selection and coordination. References. 3. The entrepreneurial process. 3.1. Introduction. 3.2. Theories of the entrepreneurial process in economics. 3.3. The entrepreneurial process as a process of subjective interpretation. 3.4. Success or failure: profit or loss in the entrepreneurial process. 3.5. Summary. References. 4. National capabilities. 4.1. A need for a new research agenda. 4.2. Foundation of national capabilities. 4.3. Formation of agent's capabilities: experience and interpretation. 4.4. Capabilities to innovate. 4.5. From individual agent to firm capabilities. 4.6. Capabilities to cooperate and coordinate. 4.7. National capabilities and competitiveness. 4.8. Emergence of national capabilities: international competition, market selection and rule-following. 4.9. Understanding national capabilities through the subjectivist lens. References. 5. Innovation and communication. 5.1. Introduction. 5.2. The innovator in the social world. 5.3. Constructing the unknown future. 5.4. Accepting an innovation: intersubjective understanding. 5.5. Understanding Picasso's paintings. 5.6. Implications. 5.7. Conclusion. References. 6. Economics of international trade. 6.1. The foundation of neoclassical international trade theory. 6.2. Problems in mainstream neoclassical international trade theories. 6.3. Trade between two countries versus trade between two individuals from different nations. 6.4. Comparative advantage and subjective cost: the beaver and deer revisited. 6.5. Non-entrepreneurial trading system: static uncertainty and non-creativeness. 6.6. A new direction in international trade theory: a human agency approach. 6.7. To trade or not to trade, it is a subjective interpretation problem. 6.8. Dynamic learning, experimentation and error elimination. 6.9. Entrepreneurial discovery. 6.10. International trade, knowledge transmission and the market process. 6.11. Further implications. References. 7. Government as a learner. 7.1. Introduction. 7.2. The government as a national coordinator. 7.3. Government capabilities: resource-based and strategic planning. 7.4. The governmental process: an Austrian perspective. 7.5. Propositions regarding the public agent's action. 7.6. Modeling the decision-making process in the public sector. 7.7. The government as a learning agent: error elimination, revision of plans and policy change. 7.8. Conclusion. References. 8. A new perspective on transition. 8.1. Introduction. 8.2. Contributions from new institutional economics. 8.3. Classifying external events: the Hayekian perspective. 8.4. Rules and institutions: cost-saving device. 8.5. New opportunities, mental process and economic transition. 8.6. The process of transition: from perception to market selection. 8.7. The future of transition economies: a journey into the unknown. 8.8. Resistance of change during the transition period. 8.9. Two routes of economic reform: 'gradualism' versus 'shock therapy'. 8.10. Conclusion. References. 9. Entrepreneurial strategies for small firms in latecomer economies. 9.1. Introduction. 9.2. Distinctive assets of a small latecomer firm. 9.3. Survival strategies for a small Asian latecomer firm. 9.4. Strategies of growth. 9.5. Conclusion. References. 10. Conclusion. 10.1. Introduction. 10.2. Understanding economic development in subjectivist lens. 10.3. Public Choice School: understanding government in economic development. 10.4. New institutional economics: institution and economic development. 10.5. Evolutionary economics: history matters in economic development. References. Keyword index.


Best Sellers


Product Details
  • ISBN-13: 9789086867165
  • Publisher: Wageningen Academic Publishers
  • Publisher Imprint: Wageningen Academic Publishers
  • Language: English
  • Returnable: N
  • ISBN-10: 9086867162
  • Publisher Date: 04 Sep 2023
  • Binding: Digital download
  • No of Pages: 190
  • Sub Title: A human agency approach


Similar Products

Add Photo
Add Photo

Customer Reviews

REVIEWS      0     
Click Here To Be The First to Review this Product
New perspectives on economic development: A human agency approach
Wageningen Academic Publishers -
New perspectives on economic development: A human agency approach
Writing guidlines
We want to publish your review, so please:
  • keep your review on the product. Review's that defame author's character will be rejected.
  • Keep your review focused on the product.
  • Avoid writing about customer service. contact us instead if you have issue requiring immediate attention.
  • Refrain from mentioning competitors or the specific price you paid for the product.
  • Do not include any personally identifiable information, such as full names.

New perspectives on economic development: A human agency approach

Required fields are marked with *

Review Title*
Review
    Add Photo Add up to 6 photos
    Would you recommend this product to a friend?
    Tag this Book Read more
    Does your review contain spoilers?
    What type of reader best describes you?
    I agree to the terms & conditions
    You may receive emails regarding this submission. Any emails will include the ability to opt-out of future communications.

    CUSTOMER RATINGS AND REVIEWS AND QUESTIONS AND ANSWERS TERMS OF USE

    These Terms of Use govern your conduct associated with the Customer Ratings and Reviews and/or Questions and Answers service offered by Bookswagon (the "CRR Service").


    By submitting any content to Bookswagon, you guarantee that:
    • You are the sole author and owner of the intellectual property rights in the content;
    • All "moral rights" that you may have in such content have been voluntarily waived by you;
    • All content that you post is accurate;
    • You are at least 13 years old;
    • Use of the content you supply does not violate these Terms of Use and will not cause injury to any person or entity.
    You further agree that you may not submit any content:
    • That is known by you to be false, inaccurate or misleading;
    • That infringes any third party's copyright, patent, trademark, trade secret or other proprietary rights or rights of publicity or privacy;
    • That violates any law, statute, ordinance or regulation (including, but not limited to, those governing, consumer protection, unfair competition, anti-discrimination or false advertising);
    • That is, or may reasonably be considered to be, defamatory, libelous, hateful, racially or religiously biased or offensive, unlawfully threatening or unlawfully harassing to any individual, partnership or corporation;
    • For which you were compensated or granted any consideration by any unapproved third party;
    • That includes any information that references other websites, addresses, email addresses, contact information or phone numbers;
    • That contains any computer viruses, worms or other potentially damaging computer programs or files.
    You agree to indemnify and hold Bookswagon (and its officers, directors, agents, subsidiaries, joint ventures, employees and third-party service providers, including but not limited to Bazaarvoice, Inc.), harmless from all claims, demands, and damages (actual and consequential) of every kind and nature, known and unknown including reasonable attorneys' fees, arising out of a breach of your representations and warranties set forth above, or your violation of any law or the rights of a third party.


    For any content that you submit, you grant Bookswagon a perpetual, irrevocable, royalty-free, transferable right and license to use, copy, modify, delete in its entirety, adapt, publish, translate, create derivative works from and/or sell, transfer, and/or distribute such content and/or incorporate such content into any form, medium or technology throughout the world without compensation to you. Additionally,  Bookswagon may transfer or share any personal information that you submit with its third-party service providers, including but not limited to Bazaarvoice, Inc. in accordance with  Privacy Policy


    All content that you submit may be used at Bookswagon's sole discretion. Bookswagon reserves the right to change, condense, withhold publication, remove or delete any content on Bookswagon's website that Bookswagon deems, in its sole discretion, to violate the content guidelines or any other provision of these Terms of Use.  Bookswagon does not guarantee that you will have any recourse through Bookswagon to edit or delete any content you have submitted. Ratings and written comments are generally posted within two to four business days. However, Bookswagon reserves the right to remove or to refuse to post any submission to the extent authorized by law. You acknowledge that you, not Bookswagon, are responsible for the contents of your submission. None of the content that you submit shall be subject to any obligation of confidence on the part of Bookswagon, its agents, subsidiaries, affiliates, partners or third party service providers (including but not limited to Bazaarvoice, Inc.)and their respective directors, officers and employees.

    Accept


    Inspired by your browsing history


    Your review has been submitted!

    You've already reviewed this product!
    Hello, User