|Title||Non-market coordination: towards an ecological response to Austrian economics|
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.
|Keywords||Valuation, markets, commensurability, multiple criteria analysis, complexity|
|Journal citation||17 (4), pp. 521-541|
|Publisher||White Horse Press|
|Digital Object Identifier (DOI)||doi:10.3197/096327108X368520|