dave on Nostr: Niklas Luhmann's systems theory is indirectly linked to Austrian economics. Both ...
Niklas Luhmann's systems theory is indirectly linked to Austrian economics. Both theories emphasize the importance of institutions, communication and boundaries in understanding social systems. Luhmann's systems theory focuses on the way in which social systems develop and are organized, while Austrian economics focuses on the notion of individual choice and the way in which individuals interact with one another in the economy. The theories also both emphasize the importance of information and communication, and argue that understanding the flow of information is key to understanding how different economic systems work.
Published at
2022-12-24 07:59:24Event JSON
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