Experts And Epistemic Monopolies

Under what conditions of supply and demand are experts likely to give us good advice? When is expert failure more likely? Do entrepreneurs challenge existing expertise? Are they experts themselves? This title brings a heterogeneous collection of thinkers, some "Austrian" and to engage the problem of experts.

Under what conditions of supply and demand are experts likely to give us good advice? When is expert failure more likely? Do entrepreneurs challenge existing expertise? Are they experts themselves? This title brings a heterogeneous collection of thinkers, some "Austrian" and to engage the problem of experts.

Roger Koppl develops a theory of experts and expert failure, and illustrates his theory with wide-ranging examples, including that of state regulation of economic activity.

Enough of Experts: Expert Authority in Crisis analyses the challenges and threats to expert authority in neoliberal political economies and societies. It focuses upon the deep-seated political, economic, social and cultural transformations which have fundamentally destabilized and eroded the institutional foundations of expert authority over more than four decades. The book critically assesses the orthodox or ‘received’ model of expert authority as it has come under escalating pressures from a nexus of ideological, organizational, technological and cultural changes that have radically weakened the former’s core ‘institutional logic’ and practical efficacy. It also looks forward to a range of ‘expert futures’ in which expert groups and organizations decline in power and status as their prevalence proliferates to a stage where they become ubiquitous in neoliberal regimes. Finally, the book presents an alternative reflexive model of expert authority and governance that is grounded in the ‘dynamics of contestation and trust’ and stands in direct contrast to the orthodox, rational model.

The Centers for Austrian Studies - founded by the Austrian Federal Ministry for Science and Research - play an important role for the international scientific community. Their tasks are to promote studies on Austria and Central Europe, and to give Austrian students the opportunity to conduct research abroad and make contact with local scientific communities. This book contains reports on the activities of these institutions during the 2010/2011 academic year, as well as the working papers developed by some of their most promising PhD students. The research presented in this book covers various aspects of Central European history in modern times, ranging from the 17th century to the present. (Series: Europa Orientalis - Vol. 12)

'The Oxford Handbook of Austrian Economics' provides an overview of the main methodological, analytical, and practical implications of the Austrian school of economics. This intellectual tradition in economics and political economy has a long history that dates back to Carl Menger in the late nineteenth century. The various contributions discussed in this book all reflect this 'tension' of an orthodox argumentative structure (rational choice and invisible hand) to address heterodox problem situations (uncertainty, differential knowledge, ceaseless change).

What is the significance of entrepreneurship in an economy? Scholars have argued that when the market is viewed as a process of perpetual adjustment to various forces, and not as a set of end-state prices and quantities simply arrived at, the role of the entrepreneur comes to the fore. What then are fruitful ways to conceive of the phenomenon of entrepreneurship? How do entrepreneurs both respond to and shape larger forces in the economy? In what ways can political institutions and government regulation shape the decisions made by entrepreneurs, and their responsiveness to consumers? How does the cultural environment influence the types of opportunities that an entrepreneur will notice and act on? Finally, is entrepreneurial behavior strictly limited to activity we see in the market? This edited volume—comprised of chapters by scholars and students studying from the disciplines of sociology and economics—examines entrepreneurship theoretically and applied to various cases. It provides an overview of the economic literature on entrepreneurship and puts forth a framework for understanding the market process, as well the policy implications of government intervention and cultural considerations in the market. It will be of use to any scholars, students, practitioners or policymakers interested in entrepreneurship.

This book offers a concise and accessible introduction to debates about expertise, policy-making and democracy. It uniquely combines an overview of recent research on the policy role of experts with discussions in political philosophy and the philosophy of expertise. Starting with the fact that well-functioning democracies require experts and expert knowledge, the book examines two types of objections against granting experts a larger role in policy-making: concerns that focus on the nature and limits of expert knowledge, and those that concentrate on tensions between expertization and democracy. With this, the book discusses how expert arrangements can be organized to ensure the epistemic qualities of policies and democratic credentials, at the same time. The book will be of interest to scholars and students of political theory and democracy, public policy and administration, and to anyone interested in the role of expertise in society.