Austrian Theory and Economic Organization: Reaching Beyond Free Market Boundaries


The first volume (of two) edited by Guinevere Liberty Nell.

The Austrian economic school famously predicted and explained the problems of calculation in a socialist society. With their concept of spontaneous order, they challenged mainstream economists to look beyond simplified static models and consider the dynamic and evolutionary characteristics of social orders. However, many feel that Austrians took their victory too far and became ideologically devoted to laissez-faire.

Austrian Theory and Economic Organization is a collection of essays on problems and possibilities in economic organization, written by economists and political scientists with an interest in the dynamic and evolutionary nature of market economies. Each chapter explores areas of potential agreement between Austrian theory, market socialist economics, and other heterodox schools of economic and political science. The collection aims to bridge cultural and political divisions between free market advocates who stress individual rights and left-leaning thinkers who stress social justice and a culture of solidarity.

EPISTEME: the first decade

This summer marks the anniversary of the founding of EPISTEME. Below is a list of the most cited articles — I’m pleased to see that six of the articles that I solicited have a long tail.


Group Knowledge and Group Rationality: A Judgment Aggregation Perspective
Christian List

Episteme / Volume 2 / Issue 01 / June 2005, pp 25 – 38

Collective Epistemology
Margaret Gilbert

Episteme / Volume 1 / Issue 02 / October 2004, pp 95 – 107

Is Trust an Epistemological Notion?
Gloria Origgi

Episteme / Volume 1 / Issue 01 / June 2004, pp 61 – 72

What is the “Equal Weight View”?
David Jehle and Branden Fitelson

Episteme / Volume 6 / Issue 03 / October 2009, pp 280 – 293

Group Knowledge Versus Group Rationality: Two Approaches to Social Epistemology
Alvin I. Goldman

Episteme / Volume 1 / Issue 01 / June 2004, pp 11 – 22

The Basis of Epistemic Trust: Reliable Testimony or Reliable Sources?
Melissa A. Koenig and Paul L. Harris

Episteme / Volume 4 / Issue 03 / October 2007, pp 264 – 284

Minding One’s Cognitive Systems: When Does a Group of Minds Constitute a Single Cognitive Unit?
Robert Rupert

Episteme / Volume 1 / Issue 03 / February 2005, pp 177 – 188

What’s the Point of “Knowledge” Anyway?
Christoph Kelp

Episteme / Volume 8 / Issue 01 / February 2011, pp 53 – 66

Group Knowledge Analyzed
Raimo Tuomela

Episteme / Volume 1 / Issue 02 / October 2004, pp 109 – 127

Epistemic Systems
Roger Koppl

Episteme / Volume 2 / Issue 02 / June 2006, pp 91 – 106

Bounded Rationality Updated

Special issue of Mind & Society. (H/T to Francesco Di Iorio)

From April 8th to 10th 2013, the Herbert Simon Society held its first General Conference in New York. About fifty researchers from different countries and working in different areas attended the event. The conference focused on three topics which were identified as particularly relevant in the development of Simonian thought: duality of mind, creativity and alternative theories to rational expectations. A first Herbert Simon Honorary Lecture by Gerd Gigerenzer opened the conference. Gerg Gigerenzer was later elected as Chairman of the Herbert Simon Society. Joseph Stiglitz closed the conference with the second Herbert Simon Honorary Lecture.

The Herbert A. Simon Society brings together economists, social and cognitive scientists engaged in critical issues such as bounded rationality, problem solving, simulation of human thought and creativity. In particular, it gathers some of the most important economists who try to reformulate economic theory by starting from some of the non-neoclassical micro-foundations that have been developed in recent years. The Simon Society shares many interests with other Associations working on Behavioural Economics, Economic and Cognitive Social Psychology and Artificial Intelligence.

This special issue collects some of the most interesting papers presented at the conference. Katherine Simon Frank, Herbert Simon’s daughter, made some welcoming remarks and talked about her father. In describing his way of being a parent, Kathie highlights some important aspects of Herbert Simon’s intellectual nature, such as his openness, his willingness to understand the world and debate with no preconceptions. This is also one of the goals of the Herbert Simon Society.

Real-World Decision Making

Coming soon:

The first and only encyclopedia to focus on the economic and financial behaviors of consumers, investors, and organizations, including an exploration of how people make good—and bad—economic decisions.


• Contains an informative introductory essay that familiarizes students with the various aspects of behavioral economics

  • Provides a list of additional readings for those interested in learning more about the topic

• Includes cross-references in each entry to help readers make connections between related topics

• Defines key terms that are likely to be unfamiliar to those without advance knowledge of the subject

• Helps readers identify and study particular entry categories through accompanying Topic Finders