Non-market coordination: towards an ecological response to Austrian economics

Greenwood, D. 2008. Non-market coordination: towards an ecological response to Austrian economics. Environmental Values. 17 (4), pp. 521-541.

TitleNon-market coordination: towards an ecological response to Austrian economics
AuthorsGreenwood, D.
Abstract

Although the ecological tradition tends to favour a substantive role for non-market institutions in securing objectives such as environmental sustainability, Green theorists have paid relatively little attention to the important challenge posed to such proposals by the pro-market arguments of Austrian economics. The methods of ecological economics, such as multiple criteria evaluation, offer important potential for responding to the Austrian thesis that democratic, non-market institutions face a coordination problem in the face of complexity. However, the development of an adequate ecological response to the Austrians requires clarification of the conceptual underpinnings and potential scope of such methods.

KeywordsValuation, markets, commensurability, multiple criteria analysis, complexity
JournalEnvironmental Values
Journal citation17 (4), pp. 521-541
ISSN0963-2719
YearNov 2008
PublisherWhite Horse Press
FileGreenwood_2008_final_author.pdf
Digital Object Identifier (DOI)doi:10.3197/096327108X368520
Publication dates
PublishedNov 2008

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