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Austrian Economics

Advances in Austrian Economics

Series Editors: Daniel J. D’Amico and Adam G. Martin

Volume 6: Austrian Economics and Entrepreneurial Studies Edited by R. Koppl 
Volume 7: Evolutionary Psychology and Economic Theory Edited by R. Koppl 
Volume 8: The Dynamics of Intervention: Regulation and Redistribution in the Mixed Economy Edited by P. Kurrild-Klitgaard 
Volume 9: The Cognitive Revolution in Economic Science Edited by Elisabeth Krecké, Carine Krecké and Roger Koppl 
Volume 10: The Evolution of Consumption: Theories and Policy Edited by Marina Bianchi 
Volume 11: Explorations in Austrian Economics Edited by R. Koppl 
Volume 12: Unexplored Dimensions: Karl Menger on Economics and Philosophy Edited by Giandomenica Becchio 
Volume 13: The Social Science of Hayek’s ‘The Sensory Order’ Edited by William N. Butos 
Volume 14: What is so Austrian about Austrian Economics? Edited by R. Koppl 
Volume 15: Hayek in Mind: Hayek’s Philosophical Psychology Edited by Leslie Marsh 
Volume 16: The Spatial Market Process Edited by David Emanuel Andersson 
Volume 17: Experts and Epistemic Monopolies Edited by Roger Koppl, Steven Horwitz and Laurent Dobuzinskis 
Volume 18: Entangled Political Economy Edited by Roger Koppl and Steven Horwitz 
Volume 19: New Thinking in Austrian Political Economy Edited by Christopher J. Coyne and Virgil H. Storr 
Volume 20: Studies in Austrian Macroeconomics Edited by Steven Horowitz 
Volume 21: Revisiting Hayek’s Political Economy Edited by Peter J. Boettke and Virgil H. Storr 
Volume 22: The Austrian and Bloomington Schools of Political Economy Edited by Paul Dragos Aligica, Paul Lewis and Virgil Storr 
Volume 6: Austrian Economics and Entrepreneurial Studies Edited by R. Koppl 
Volume 7: Evolutionary Psychology and Economic Theory Edited by R. Koppl 
Volume 8: The Dynamics of Intervention: Regulation and Redistribution in the Mixed Economy Edited by P. Kurrild-Klitgaard 
Volume 9: The Cognitive Revolution in Economic Science Edited by Elisabeth Krecké, Carine Krecké and Roger Koppl 
Volume 10: The Evolution of Consumption: Theories and Policy Edited by Marina Bianchi 
Volume 11: Explorations in Austrian Economics Edited by R. Koppl 
Volume 12: Unexplored Dimensions: Karl Menger on Economics and Philosophy Edited by Giandomenica Becchio 
Volume 13: The Social Science of Hayek’s ‘The Sensory Order’ Edited by William N. Butos 
Volume 14: What is so Austrian about Austrian Economics? Edited by R. Koppl 
Volume 15: Hayek in Mind: Hayek’s Philosophical Psychology Edited by Leslie Marsh 
Volume 16: The Spatial Market Process Edited by David Emanuel Andersson 
Volume 17: Experts and Epistemic Monopolies Edited by Roger Koppl, Steven Horwitz and Laurent Dobuzinskis 
Volume 18: Entangled Political Economy Edited by Roger Koppl and Steven Horwitz 
Volume 19: New Thinking in Austrian Political Economy Edited by Christopher J. Coyne and Virgil H. Storr 
Volume 20: Studies in Austrian Macroeconomics Edited by Steven Horowitz 
Volume 21: Revisiting Hayek’s Political Economy Edited by Peter J. Boettke and Virgil H. Storr 
Volume 22: The Austrian and Bloomington Schools of Political Economy Edited by Paul Dragos Aligica, Paul Lewis and Virgil Storr 

Advances in Austrian Economics Volume 23

Austrian Economics: The Next Generation

Edited by

Steven Horwitz

Ball State University, USA

United Kingdom – North America – Japan India – Malaysia – China

Emerald Publishing Limited

Howard House, Wagon Lane, Bingley BD16 1WA, UK

First edition 2019

Copyright © 2019 Emerald Publishing Limited

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No part of this book may be reproduced, stored in a retrieval system, transmitted in any form or by any means electronic, mechanical, photocopying, recording or otherwise without either the prior written permission of the publisher or a licence permitting restricted copying issued in the UK by The Copyright Licensing Agency and in the USA by The Copyright Clearance Center. Any opinions expressed in the chapters are those of the authors. Whilst Emerald makes every effort to ensure the quality and accuracy of its content, Emerald makes no representation implied or otherwise, as to the chapters’ suitability and application and disclaims any warranties, express or implied, to their use.

British Library Cataloguing in Publication Data

A catalogue record for this book is available from the British Library

ISBN: 978-1-78756-578-4 (Print)

ISBN: 978-1-78756-577-7 (Online)

ISBN: 978-1-78756-579-1 (Epub)

ISSN: 1529-2134 (Series)

List of Contributors vii 
Editor’s Introduction: Austrian Economics: The Next Generation
Steven Horwitz 
1 
Chapter 1 Austrian Economics is Alive and Growing: Retrospect and Prospect
Peter Lewin 
7 
Chapter 2 Praxeology, History, and the Perils of Historicism
Peter C. Mentzel 
15 
Chapter 3 The Socialist Calculation Debate and its Normative Implications
Rosolino A. Candela 
29 
Chapter 4 Toward A Market Epistemology of the Platform Economy
Lynne Kiesling 
45 
Chapter 5 Austrian Economics as an Evolutionary Science
Witold Kwasnicki 
71 
Chapter 6 Robust Against Whom?
Nick Cowen 
91 
Chapter 7 The Role of Culture, Information, and Expectations in Police Self-Governance
Jennifer Dirmeyer and Alexander Cartwright 
113 
Chapter 8 The Spontaneous Order of Politics
David J. Hebert 
131 
Chapter 9 Principles of the Austrian Tradition in the Policy Cycle
Rosamaria Bitetti 
145 
Chapter 10 The Fall and Rise of Inequality: Disaggregating Narratives
Vincent Geloso 
161 
Chapter 11 The Challenges Facing Evidence-Based Policy Making in Canadian Agriculture
Predrag Rajsic and Glenn Fox 
177 
About the Editors 197 
List of Contributors vii 
Editor’s Introduction: Austrian Economics: The Next Generation
Steven Horwitz 
1 
Chapter 1 Austrian Economics is Alive and Growing: Retrospect and Prospect
Peter Lewin 
7 
Chapter 2 Praxeology, History, and the Perils of Historicism
Peter C. Mentzel 
15 
Chapter 3 The Socialist Calculation Debate and its Normative Implications
Rosolino A. Candela 
29 
Chapter 4 Toward A Market Epistemology of the Platform Economy
Lynne Kiesling 
45 
Chapter 5 Austrian Economics as an Evolutionary Science
Witold Kwasnicki 
71 
Chapter 6 Robust Against Whom?
Nick Cowen 
91 
Chapter 7 The Role of Culture, Information, and Expectations in Police Self-Governance
Jennifer Dirmeyer and Alexander Cartwright 
113 
Chapter 8 The Spontaneous Order of Politics
David J. Hebert 
131 
Chapter 9 Principles of the Austrian Tradition in the Policy Cycle
Rosamaria Bitetti 
145 
Chapter 10 The Fall and Rise of Inequality: Disaggregating Narratives
Vincent Geloso 
161 
Chapter 11 The Challenges Facing Evidence-Based Policy Making in Canadian Agriculture
Predrag Rajsic and Glenn Fox 
177 
About the Editors 197 
Rosamaria Bitetti LUISS Guido Carli, Italy 
Rosolino A. Candela Brown University, USA 
Alexander Cartwright Ferris State University, USA 
Nick Cowen New York University School of Law, USA 
Daniel J. D’Amico Brown University, USA 
Jennifer Dirmeyer Ferris State University, USA 
Glenn Fox University of Guelph, Canada 
Vincent Geloso Bates College, USA 
David J. Hebert Aquinas College, USA 
Steven Horwitz Ball State University, USA 
Lynne Kiesling Purdue University, USA 
Witold Kwasnicki University of Wroclaw, Poland 
Peter Lewin University of Texas, USA 
Adam Martin Texas Tech University, USA 
Peter C. Mentzel Liberty Fund, Inc., USA 
Predrag Rajsic University of Waterloo, Canada 
Rosamaria Bitetti LUISS Guido Carli, Italy 
Rosolino A. Candela Brown University, USA 
Alexander Cartwright Ferris State University, USA 
Nick Cowen New York University School of Law, USA 
Daniel J. D’Amico Brown University, USA 
Jennifer Dirmeyer Ferris State University, USA 
Glenn Fox University of Guelph, Canada 
Vincent Geloso Bates College, USA 
David J. Hebert Aquinas College, USA 
Steven Horwitz Ball State University, USA 
Lynne Kiesling Purdue University, USA 
Witold Kwasnicki University of Wroclaw, Poland 
Peter Lewin University of Texas, USA 
Adam Martin Texas Tech University, USA 
Peter C. Mentzel Liberty Fund, Inc., USA 
Predrag Rajsic University of Waterloo, Canada