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Spring 2010

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Volume 25, Number 2

Categories: Entrepreneurship | Spring 2010

Coordination: A Critique of Daniel Klein

Robert P. Murphy, Texas Tech University

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TheJournalofPrivateEnterprise25(2),2010,117-127Coordination:ACritiqueofDanielKleinRobertP.Murphy*ConsultingbyRPMAbstractInseveralpapers,DanielKleinhasdocumentedthevariedusageofthetermcoordinationintheeconomicsliterature.Kleinhasproposedtwomeaningsoftheterm,oneofwhichcorrespondstotheHayekianusageandtheothertotheworkofThomasSchelling.However,Klein’staxonomyisunhelpfulbecausebothofhistwotypesofcoordinationapplytotheworkofbothHayekandSchelling.Iproposeamoreappropriatedistinction.JELCodes:B0,B53,C72Keywords:Hayek;Schelling;CoordinationEversinceHayek’s1937classic,“EconomicsandKnowledge,”Austriansandothersympatheticwritershaverightlyemphasizedstudyofthecoordinationpropertiesofaneconomicsystem.However,inthewakeofthepioneeringworkofThomasSchelling(1960),theneoclassicalmainstreamhasconstrueda“coordinationgame”inaverynarrowsense.InseveralpapersDanielKlein(withco-authors)hasattemptedtocategorizethedifferentusesofthetermcoordinationintheeconomicsliterature.Unfortunately,Idisagreewithhistaxonomy.InthiscommentIwillmakethecasethatKleinhasfocusedonadistinctionthatdoesnottrulydistinguishtheHayekianfromtheSchellingsenseoftheterm.Iwillthensuggestadistinctionthatmoreneatlyseparatestheworkofthetwoeconomists.I.Klein’sTaxonomy:The“TwoCoordinations”Inaninsightfulpaper(Klein,1997)anditsfollow-up(KleinandOrsborn,2009),DanielKleinidentifiestwodistinct(andoftenconflated)meaningsofcoordination.Unfortunately,hisdistinction—whichisperfectlyvalidasfarasitgoes—cannotbeartheweightthatKleinputsonit.Inparticular,Kleiniswrongtoargue*TheauthorreceivedhelpfulcommentsonanearlydraftofthispaperfromDanielKlein,GeneCallahan,andAlexPadilla,andfinancialsupportfromtheLudwigvonMisesInstitute.117

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Title	Coordination: A Critique of Daniel Klein
Authors/Creators:	Robert P. Murphy, Texas Tech University
Year:	2010
Volume:	25
Number:	2
Pages:	117 - 127
Publisher:	The Association of Private Enterprise Education
Document Type:	Articles
Keywords:	Economic coordination, Ludwig von Mises, Liberalism, Discovery, Israel Kirzner, Concatenation, Friedrich Hayek, Market economy, Methodology, Austrian economics, Schelling

Citation:
Murphy, Robert P. / 2010. "Coordination: A Critique of Daniel Klein." The Journal of Private Enterprise, 25(2): 117-127.