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Book part
Publication date: 30 November 2016

Robert L. Axtell

Certain elements of Hayek’s work are prominent precursors to the modern field of complex adaptive systems, including his ideas on spontaneous order, his focus on market processes…

Abstract

Certain elements of Hayek’s work are prominent precursors to the modern field of complex adaptive systems, including his ideas on spontaneous order, his focus on market processes, his contrast between designing and gardening, and his own framing of complex systems. Conceptually, he was well ahead of his time, prescient in his formulation of novel ways to think about economies and societies. Technically, the fact that he did not mathematically formalize most of the notions he developed makes his insights hard to incorporate unambiguously into models. However, because so much of his work is divorced from the simplistic models proffered by early mathematical economics, it stands as fertile ground for complex systems researchers today. I suggest that Austrian economists can create a progressive research program by building models of these Hayekian ideas, and thereby gain traction within the economics profession. Instead of mathematical models the suite of techniques and tools known as agent-based computing seems particularly well-suited to addressing traditional Austrian topics like money, business cycles, coordination, market processes, and so on, while staying faithful to the methodological individualism and bottom-up perspective that underpin the entire school of thought.

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Revisiting Hayek’s Political Economy
Type: Book
ISBN: 978-1-78560-988-6

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Economic Complexity
Type: Book
ISBN: 978-0-44451-433-2

Book part
Publication date: 1 April 2003

Kurt Borchard

Baudelaire (1863) and Benjamin (1983) used the term flaneur to denote a modern man who could evocatively describe social life in urban areas. A flaneur was poetically to describe…

Abstract

Baudelaire (1863) and Benjamin (1983) used the term flaneur to denote a modern man who could evocatively describe social life in urban areas. A flaneur was poetically to describe the ephemeral nature of modern urban life, but without acting as a consumer. Here I approach Las Vegas from the perspective of a flaneur, and discuss the possibilities in that city for flanerie today. I introduce the concept pseudo-flanerie, and apply it to postmodern tourism. In Las Vegas, pseudo-flaneurs wander from one impersonation of a city/culture/era to another, stroll from one game to another, and move from one presentation of self to another. However, surveillance, social control, and the organizing principles of capitalism structure each. I also discuss pseudo-flanerie in Las Vegas in terms of temporality, morality, and consumption practices. I find that the flaneur’s traditionally anti-consumer stance has been endangered in tourist cities like Las Vegas, where mock cities have commodified city-like experiences to tourists who ultimately pay to engage in practices traditionally associated with flaneurs. A postmodern tourist environment like Las Vegas, therefore, creates the conditions for the pseudo-flaneur to emerge.

Details

Studies in Symbolic Interaction
Type: Book
ISBN: 978-0-76231-009-8

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Book part (3)
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