Markets, Information and Communication: Austrian Perspectives on the Internet Economy (Foundations of the Market Economy Series.)

The internet bubble which peaked in size in 2000 is now well and truly burst. As with all bubbles, there are varying explanations for its occurrence, but the hype which surrounds the internet has shouldered a lot of the blame. There is however, no doubt that the internet has significantly changed the way people live, think and do business.This impressive volume presents the Austrian school of thought and its considered response to the "internet economy". Contributions are from such figures as Peter Boettke, Richard Aréna and the late Don Lavoie (to whose memory this book is dedicated). With impressive clarity and insight, the book covers such areas as:· "Austrian" theories of the firm and the internet economy· entrepreneurship and e-commerce· private lawmaking on the internet· Hayek and the IT entrepreneurs. Association Des Historiens De La Tradition économique Autrichienne Held Its Third Annual Conference In ... Pisa And Lucca [from 24 To 26 May 2001]--preface. Includes Bibliographical References And Index. Introduction / Jack Birner -- 1. Subjectivism, Entrepreneurship And The Convergence Of Groupware And Hypertext / Don Lavoie -- 2. Open Source Software And The Economics Of Organization / Giampaolo Garzarelli -- 3. The Digital Path: Smart Contracts And The Third World / Mark S. Miller And Marc Stiegler -- 4. High-tech Hayekians / Don Lavoie, Howard Baetjer, William Tulloh, Howard Baetjer, Marc Stiegler And Pietro Terna -- 5. The New Economy As A Co-ordinating Device: Some Mengerian Foundations / Elise Tosi And Dominique Torre -- 6. Austrian Determinants Of Economic Organization In The Knowledge Economy / Nicolai J. Foss -- 7. The New Economy And The Austrian Theory Of The Firm / Philippe Dulbecco And Pierre Garrouste. Edited By Jack Birner & Pierre Garrouste. Association Des Historiens De La Tradition économique Autrichienne (association Of Historians Of The Austrian Tradition In Economic Thought) Annual Conference--galley. Includes Bibliographical References And Index. Book Cover......Page 1 Title......Page 6 Copyright......Page 7 Contents......Page 10 1 Subjectivism, entrepreneurship and the convergence of groupware and hypertext......Page 38 2 Open source software and the economics of organization......Page 64 3 The digital path: smart contracts and the Third World......Page 80 4 High-tech Hayekians......Page 108 5 The new economy as a co-ordinating device......Page 143 6 “Austrian” determinants of economic organization in the knowledge economy......Page 160 7 The new economy and the Austrian theory of the firm......Page 186 8 The small world of business relationships......Page 206 9 Some specific Austrian insights on markets and the “new economy”......Page 218 10 Turning lemons into lemonade......Page 235 11 Big players in the ‘new economy’......Page 248 12 Bubble or new era? Monetary aspects of the new economy......Page 266 13 Possible economic consequences of electronic money......Page 279 14 The emergence of private lawmaking on the Internet......Page 306 Index......Page 325 The internet bubble which peaked in size in 2000 is now well and truly burst. As with all bubbles, there are varying explanations for its occurrence, but the hype which surrounds the internet has shouldered a lot of the blame. There is however, no doubt that the internet has significantly changed the way people live, think and do business. This impressive volume presents the Austrian school of thought and its considered response to the "internet economy". Contributions are from such figures as Peter Boettke, Richard Arna and the late Don Lavoie (to whose memory this book is dedicated). With impressive clarity and insight, the book covers such areas "Austrian" theories of the firm and the internet economy entrepreneurship and e-commerce private lawmaking on the internet Hayek and the IT entrepreneurs. This impressive volume presents the Austrian school of thought and its considered response to the "internet economy". Contributions are from such figures as Peter Boettke, Richard Arena and the late Don Lavoie