features. For this purpose, Carl Menger's theory of goods is taken as a starting point. Whereas economists after the … 'marginalistic revolution' were almost exclusively concerned with the determinants of exchange value and developing price theory … connection between Menger's 19th century theory of goods and 20th century learning theories is established. The problem of how to …

"theory with measurement". This procedure was recently criticized vehemently by Blaug maintaining that there is only little … complex relations - is not confined to simple testable models. This raises the question how theory is confronted with …

light of the theory of spontaneous order of F. A. Hayek. To that end we will study the redefinition of socialism in the … context of evolutionary praxeology, we apply the theory of the infeasibility of socialism itself, of the Austrian School in … base our analysis on the theory of the Sensory Order Hayek on the human mind and the limits of reason as the cause of the …

Hayek's theory of socio-cultural evolution is a generalization of his theory on spontaneous market order. Hayek … methodological individualism with functionalist-evolutionary arguments in his analysis. Hayek's theory of socio-cultural evolution … represents a theory in the framework of which methodological individualism and functionalism do not crowd out but complement each …