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The aim of this paper is to critically assess Austrian Business Cycle (ABC) theory. Its foundation was laid in Theory of Money and Credit (1912) by Ludwig von Mises, which F. A. Hayek elaborated in more detail later on in his Prices and Production (1935). We argue that assumed coordination...
Persistent link: https://www.econbiz.de/10011460571
Persistent link: https://www.econbiz.de/10003858345
Dieser Beitrag geht der Frage nach, wie Wissenschaft als Wissenschaft in einer Gesellschaft wirksam werden kann, wenn die Ideen der öffentlichen Meinung über die Gestaltungsmöglichkeiten der Gesellschaftspolitik entscheiden. Die These dieses Beitrags lautet, dass Ludwig von Mises‘...
Persistent link: https://www.econbiz.de/10011786662
Ludwig von Mises was the acknowledged leader of the Austrian School of economic thought, a prodigious originator in economic theory, and a prolific author. Mises's writings and lectures encompassed economic theory, history, epistemology, government, and political philosophy. His contributions to...
Persistent link: https://www.econbiz.de/10010255276
There is something extreme about Mises' apriorism, namely, his epistemological justification of the a priori element(s) of economic theory. His critics have long recognized and attacked the extremeness of Mises' epistemology of a priori knowledge. However, several of his defenders have glossed...
Persistent link: https://www.econbiz.de/10011606989
This paper explores the four decades of intellectual relationship between the Austrian School economist Ludwig von Mises (1881-1973) and two major representatives of German ordoliberalism, Walter Eucken (1891-1950) and Wilhelm Röpke (1899-1966). The timespan covered starts in the early 1920s...
Persistent link: https://www.econbiz.de/10011609921
This paper constitutes the start of a project dedicated to Austrian economist and economic sociologist Friedrich von Wieser (1851-1926). Its central claim is that especially in recent decades, Wieser has become a disproportionately underresearched scholar, and the paper provides a set of...
Persistent link: https://www.econbiz.de/10011610366
This paper addresses the intellectual relationship between Max Weber and three key proponents of neoliberalism: F.A. Hayek, Walter Eucken and Wilhelm Röpke. This relationship is contextualized in the history of German-language political economy, focusing on the nexus and proximity between early...
Persistent link: https://www.econbiz.de/10011950298
Persistent link: https://www.econbiz.de/10011729088