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Entrepreneurship, Money and Coordination

Hayek’s Theory of Cultural Evolution Edited by Jürgen G. Backhaus, Krupp Chair in Public Finance and Fiscal Sociology, Erfurt University, Germany
Hayek’s theory of cultural evolution has always generated controversy. Interest in Hayek’s theory, and others’ analysis and criticism of it, has been rising of late. This volume urges a reconsideration of Hayeks’ theory of evolution and aims to explore the relevance of Hayek’s theory for its own sake and for evolutionary economics more generally.
Extent: 208 pp
Hardback Price: $135.00 Web: $121.50
Publication Date: 2006
ISBN: 978 1 84542 130 4
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  • Economics and Finance
  • Austrian Economics
  • Evolutionary Economics
Hayek’s theory of cultural evolution has always generated controversy. Interest in Hayek’s theory, and others’ analysis and criticism of it, has been rising of late. This volume urges a reconsideration of Hayeks’ theory of evolution and aims to explore the relevance of Hayek’s theory for its own sake and for evolutionary economics more generally.

Entrepreneurship, Money and Coordination includes chapters written by leading academics on:

• Hayek’s theory of the mind
• the evolution of legal rules
• Hayek and the evolution of designed institutions: a critical assessment
• entrepreneurship in the theory of cultural evolution
• Hayek’s ‘free money movement’ and the evolution of monetary order in historical perspective
• the evolution and cultural function of money.

This book will be of particular interest to academics and scholars of Austrian and evolutionary economics, as well as economic theorists.
‘An excellent addition to the Hayek literature.’
– Journal of the History of Economic Thought

‘. . . a very useful, and frequently nuanced, overview of this element of Hayek’s thought, as well as some very effective responses to its critics. . . this volume is an excellent addition to the Hayek literature, especially in its focus on his theory of cultural evolution and the critical respect that the authors pay to it.’
– Steven Horwitz, Journal of the History of Economic Thought
Contributors: J.G. Backhaus, M.T. Bohl, A. Ebner, H. Feldmann, W.W. Heering, J. Hölscher, B.J. Loasby, C. Schubert
Contents:
Introduction
Jürgen G. Backhaus
1. Hayek’s Theory of Cultural Evolution: A Critique of the Critiques
Horst Feldmann
2. Hayek’s Theory of the Mind
Brian J. Loasby
3. Evolution of Legal Rules: Hayek’s Contribution Reconsidered
Jürgen G. Backhaus
4. Hayek and the Evolution of Designed Institutions: A Critical Assessment
Christian Schubert
5. Hayek on Entrepreneurship: Competition, Market Process and Cultural Evolution
Alexander Ebner
6. Hayek’s ‘Free Money Movement’ and the Evolution of Monetary Order in Historical Perspective
Martin T. Bohl and Jens Hölscher
7. Money and Reciprocity in the Extended Order – An Essay on the Evolution and Cultural Function of Money
Walter W. Heering
Index