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The Comparative Political Economy of a Crisis

Boettke, Peter J.; Palagashvili, Liya - 2015

During times of economic crises, the public policy response is to abandon basic economic thinking and engage in ‘emergency economic’ policies. We explore how the current financial crisis was in part caused by previous emergency economic measures. We then investigate the theoretical...

Persistent link: https://www.econbiz.de/10014132230

New Thinking in Austrian Economics

Boettke, Peter J.; Coyne, Christopher J. - 2023

This paper discusses the unique features of Austrian economics and some of the recent contributions of this school of thought. We organize these contributions in different research “buckets” in the hope that this will be a useful guide to readers while demonstrating the ongoing relevance of...

Persistent link: https://www.econbiz.de/10014260541

Been There Done that : The Political Economy of Déjà Vu

Boettke, Peter J. - 2012

ideas. The debate, which Keynes started back in the 1930s, is being picked up again, not where it left off, but in exactly …

Persistent link: https://www.econbiz.de/10013115212

Markets as Economizers of Information : Field Experimental Examination of the 'Hayek Hypothesis'

Al-Ubaydli, Omar - 2012

The work of Friedrich Von Hayek contains several testable predictions about the nature of market processes. Vernon … Smith termed the most important one the 'Hayek Hypothesis': equilibrium prices and the gains from trade can be achieved in … speaking, we find support for Hayek's theories …

Persistent link: https://www.econbiz.de/10013115213

The Positive Political Economy of Analytical Anarchism

Boettke, Peter J. - 2020

Analytical anarchism is a subset of political economy that takes neither rules as given nor assumes that monopoly enforcement of such rules exists. This approach is the positive study of endogenous rule formation by individuals within a particular society. Such rules emerge out of the...

Persistent link: https://www.econbiz.de/10012844435

Identity and Off-Diagonals : How Permanent Winning Coalitions Destroy Democratic Governance

Boettke, Peter J. - 2019

The growing preoccupation with identity within public discourse raises important questions concerning its effects on democratic governance. Building on the work of James M. Buchanan, we hope to show that:1) the logic of identity politics raises costs to political cooperation, 2) the phenomenon...

Persistent link: https://www.econbiz.de/10012890240

The Austrian School of Economics : A View from London

Boettke, Peter J. - 2019

Political Science (LSE) during the 1930s. we will be focusing on the contributions of F.A. Hayek, along with Lionel Robbins, in … either contributed to or were consistent with the Austrian tradition. The work done by Hayek, as well as Robbins, at the LSE …

Persistent link: https://www.econbiz.de/10012897621

The Failed Appropriation of F. A. Hayek by Formalist Economics

Boettke, Peter J. - 2017

Hayek argued that the central question of economics is the coordination problem: How does the spontaneous interaction … solve this problem, Hayek outlined an approach to economic theorizing that takes seriously the limited, subjective nature of … human knowledge. Despite purporting to have appropriated Hayek's thought by acknowledging the information-transmitting role …

Persistent link: https://www.econbiz.de/10012973910

The Economic Logic Behind the Ultimate Resource

Boettke, Peter J.; Coyne, Christopher J. - 2021

articulated the core ideas of Ludwig von Mises, F.A. Hayek, and Israel Kirzner regarding the discovery and use of knowledge in …

Persistent link: https://www.econbiz.de/10013224549

Henry Hazlitt as an Intellectual Middleman of ‘Orthodox Economics’

Boettke, Peter J.; Palagashvili, Liya - 2012

Henry Hazlitt was a public intellectual who had unusual strength in both economic reasoning and articulation and played a central role in communicating the ideas of classical or ‘orthodox’ economics to the general public. He occupied a unique position in the mid-20th century intellectual...

Persistent link: https://www.econbiz.de/10014163841