Where is the Austrian theory of collaborative orders? Comment on Elert and Henrekson

Per Bylund

The Review of Austrian Economics, 2019, vol. 32, issue 4, No 5, 339-347

Abstract: Abstract In this issue, Elert and Henrekson observe that Austrian economic theory is lacking with respect to explaining formal governance in the economy, and suggest drawing from, if not incorporating, re-cent work on the collaborative innovation bloc. This, they argue, would make Austrian economics more relevant to policy. I elaborate on and specify the theory space they address, and agree that it is a nascent and still underdeveloped area of theorizing in Austrian theory. However, recognizing the complexity of coordination and how it is prevalent on all institutional levels of economic analysis, I question the wisdom of adopting a single case over producing a universal Austrian theory of organizing and governance.

Keywords: Entrepreneurship; Austrian economics; Collaborative innovation blocs (search for similar items in EconPapers)
JEL-codes: L19 L22 L26 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (3)

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DOI: 10.1007/s11138-019-00457-w

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