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Hayekian Economic Infrastructure As A Foundation For Sustained Prosperity

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  • JL Jordan

Abstract

Rather than debate whether technical advances have created a ‘new economy’, economists should focus on the more interesting and useful question: How do we create the sort of environment in which innovation and the productive use of new technology thrive, thereby creating economic prosperity? Such an environment is the product of government laying the appropriate infrastructure, manifested in the culture of the institutions it supports. This article discusses the features governments must incorporate into their institutions in order to build an economic infrastructure that promotes prosperity.

Suggested Citation

  • JL Jordan, 2001. "Hayekian Economic Infrastructure As A Foundation For Sustained Prosperity," Contemporary Economic Policy, Western Economic Association International, vol. 19(1), pages 20-26, January.
    • Handle: RePEc:bla:coecpo:v:19:y:2001:i:1:p:20-26
    DOI: 10.1111/j.1465-7287.2001.tb00046.x
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    Cited by:

    1. François Facchini & Sophie Massin & Kevin Brookes, 2024. "The relationship between institutional quality, trust and private savings," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-04379761, HAL.
    2. Timothy P. Roth, 2014. "Economists and the State," Books, Edward Elgar Publishing, number 15078.
    3. Petar Stankov, 2017. "Economic Freedom and Welfare Before and After the Crisis," Springer Books, Springer, number 978-3-319-62497-6, December.

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