The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Social Networks: Austrian Perspectives

  • Emily Chamlee-Wright
Reference work entry


Social network analysis (SNA) begins with the recognition that differentiated and potentially valuable information is dispersed across social networks and that individuals have an interest in gaining access to it. Economists interested in the social embeddedness of resources will find SNA a fruitful area of inquiry. That said, Austrian economists push SNA to consider social networking as a process of social learning in which individuals engage in a genuine (nondeterministic) discovery process, and out of which information flows have the potential to extend benefit far beyond the individuals engaged in the original social exchange.


Austrian economics Social networking 

JEL Classifications

B53 Z13 
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Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Emily Chamlee-Wright
    • 1
  1. 1.