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.
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Produktdetaljer
ISBN
9789086867165
Publisert
2020
Utgiver
Vendor
Wageningen Academic Publishers
Språk
Product language
Engelsk
Format
Product format
Digital bok
Forfatter