Varieties of Emergence: Minds, Markets and Novelty
STUDIES IN EMERGENT ORDER, VOL 4 (2011): 170-192
23 Pages Posted: 21 Oct 2014 Last revised: 29 Oct 2014
Date Written: June 21, 2011
This paper is an essay review of Richard Wagner's book, 'Mind, Society and Human Action'. It focuses on the ontological presuppositions of Wagner's account of of the social world (that is, on what Wanger's account presupposes about the nature of social reality). Issue discussed include the following: the nature of emergence and emergent properties; spontaneous order, and the shortcomings of Walrasian general equilibrium theory in modelling it; the significance of the impact of social interaction on peolpe's preferences and dispositions; and the role of novelty and innovation in Wagner's account of the market process.
Keywords: Emergence, complexity, Austrian Economics, ontology, spontaneous order, novelty
JEL Classification: A10, A12, B00, B41
Suggested Citation: Suggested Citation