Austrian and Neoclassical Economics: Any Gains From Trade?
对比奥地利学派将竞争视为演化过程与新古典强调已知条件下市场均衡的差异，探讨其对经济活动中不完全信息下专业分工与分散决策的启示，并分析竞争作为筛选机制如何解决代理问题。
The systems aspects of Austrian economic thought pertaining to the process of competition deserve a prominent place in modern economic thinking. The paper develops the differences between the Austrian view of competition as an evolutionary process, and the neoclassical emphasis on determining market equilibrium under known or given conditions. These bear importantly on the fundamental way we think about decentralization of economic activities among highly specialized agents with incomplete knowledge and information. The role of competition as a selection device that often encourages survival of the fittest and solves some types of agency problems is well worth thinking about.