Chapter

The Process of Coordination

Mark Casson

in Information and Organization

Published in print January 2001 | ISBN: 9780198297802
Published online November 2003 | e-ISBN: 9780191596063 | DOI: http://dx.doi.org/10.1093/0198297807.003.0002
The Process of Coordination

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Hayek's and Richardson's views of coordination are discussed. Coordination is effected by information systems. A schematic procedure for mapping information flows is introduced. It is used to represent some of the most important features of information flows within an advanced economy.

Keywords: Coordination; Hayek; information; institutions; Richardson; Structure; systems

Chapter.  16617 words.  Illustrated.

Subjects: Microeconomics

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