© 2017

The Driving Force of the Collective

Post-Austrian Theory in Response to Israel Kirzner


Table of contents

  1. Front Matter
    Pages i-xii
  2. The Character of Post-Austrian Economics

    1. Front Matter
      Pages 1-1
    2. Guinevere Liberty Nell
      Pages 23-42
    3. Guinevere Liberty Nell
      Pages 43-60
  3. The Democratic Process

    1. Front Matter
      Pages 61-61
    2. Guinevere Liberty Nell
      Pages 63-76
    3. Guinevere Liberty Nell
      Pages 77-97
    4. Guinevere Liberty Nell
      Pages 99-117
  4. Studies in the Mises-Hayek Legacy

    1. Front Matter
      Pages 147-147
    2. Guinevere Liberty Nell
      Pages 149-158
    3. Guinevere Liberty Nell
      Pages 169-182
  5. Studies in the Theory of Conversation

  6. Back Matter
    Pages 259-294

About this book


This book investigates why Austrian economists fail to apply the spontaneous order framework to cooperative relationships – such as a dynamic and evolving public sector – that might complement a thriving market. In direct response to Israel Kirzner's The Driving Force of the Market, Nell challenges traditional Austrian economics by proposing "democratic process theory" as a parallel to market process theory, highlighting the possibilities for an economic organization that harnesses the power of transparent and effective democracy. Keeping in mind the central problems experienced in socialist and capitalist countries due to self-interested political and economic actors, The Driving Force of the Collective highlights the public sector advantages of allowing culture and institutions to evolve endogenously as a spontaneous public sector order.


market socialism democratic process market process methodological individualism institutional economics evolutionary economics complexity theory complex adaptive systems culture social norms public sector efficiency deliberative democracy management theory human nature endogenous values feedback systems social context social welfare discovery economic theory economics entrepreneur entrepreneurship ethics heterodox economics macroeconomics regions science and technology

Authors and affiliations

  1. 1.LondonUnited Kingdom

About the authors

Guinevere Liberty Nell studied and published in Austrian economics and Soviet history, and worked as a programmer and as a tax policy analyst at The Heritage Foundation in Washington, D.C. before earning a Master's Degree in Soviet economic history from the University of Warwick, UK. She is the author of Rediscovering Fire: Basic Economic Lessons from the Soviet Experiment and Spontaneous Order and The Utopian Collective, and editor of three essay collections that push the boundaries of Austrian economics.

Bibliographic information

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