Economics is often used in literary studies, but rarely free market economics. Austrian economics, with its emphasis on subjective value (Menger), human action (Mises), spontaneous order and knowledge (Hayek), and entrepreneurship (Kirzner), seems a particularly fruitful source of ideas for literary studies.
Monday, May 9, 2011
Peter Klein points out an example of game theory in a work of literature, Walter Miller’s dystopian classic A Canticle for Liebowitz. I believe, though, that the example is one of failed Mutually Assured Destruction.