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The neglected importance of Austrian thought in public economics
Salin, Pascal - Université Paris-Dauphine (Paris IX) - 2014
. In fact, any human action is the outcome of a process of thought which means that there is no action without theory …. Therefore, the necessity of theorizing is not debatable, but the important problem is to select the most relevant theory. From … this point of view it is striking that most commentators did not refer to the most relevant theory to explain the recent …
Persistent link: https://www.econbiz.de/10010786616
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Demand-driven innovation policies in the EU
Jensen, Camilla; Goldberg, Itzhak - CASE-Center for Social and Economic Research - 2014
The objective of the PICK-ME (Policy Incentives for Creation of Knowledge – Methods and Evidence) research project is to provide theoretical and empirical perspectives on innovation which give a greater role to the demand-side aspect of innovation. The main question is how can policy make...
Persistent link: https://www.econbiz.de/10010901994
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“DECIPHERING THE POLITICAL ENTREPRENEUR’S BLACK BOX”: ON THE INCOME FUNCTION OF THE ULTIMATE DECISION MAKER IN STATE AFFAIRS
APÃVÃLOAEI, Matei-Alexandru; JORA, Octavian-Dragomir - In: Review of Economic and Business Studies (2014) 13, pp. 153-174
Persistent link: https://www.econbiz.de/10010959968
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Markets vs. Politics, Correcting Erroneous Beliefs Differently
Gregor, Martin - Institut ekonomických studií, Univerzita Karlova v Praze - 2007
In the fields of social choice, public choice and political economics, the main difference between private and political choice is whether individual preferences are aggregated to make a decision. A much less studied difference is whether beliefs are aggregated to make a decision. In this paper,...
Persistent link: https://www.econbiz.de/10005537003
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Mises, Bastiat, public opinion, and public choice
Caplan, Bryan; Stringham, Edward - Volkswirtschaftliche Fakultät, … - 2005
The political economy of Ludwig von Mises and Frederic Bastiat has been largely ignored even by their admirers. We argue that Mises' and Bastiat's views in this area were both original and insightful. While traditional public choice generally maintains that democracy fails because voters' views...
Persistent link: https://www.econbiz.de/10008685049
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Die Weltwirtschaftskrise als Exempel der Überinvestitionstheorie: Komplementäre Erklärungsansätze von v. Hayek/Garrison und Minsky
Sell, Friedrich L. - Fakultät für Wirtschafts- und … - 2010
In diesem Beitrag werden die Grundzüge der Überinvestitionstheorien von Hyman Minsky auf der einen und die von v. Hayek/Garrison auf der anderen Seite zunächst in den 'Sprachen' der Originalbeiträge herausgearbeitet. Anschließend wird ihr möglicher Erklärungsbeitrag für die aktuelle...
Persistent link: https://www.econbiz.de/10008462130
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From Carl Menger's Theory of Goods to an Evolutionary Approach to Consumer Behaviour
Ruprecht, Wilhelm - Volkswirtschaft Abteilung, Fachbereich … - 2005
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 …
Persistent link: https://www.econbiz.de/10005247902
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Anarchism and Austrian economics
Boettke, Peter - Volkswirtschaftliche Fakultät, … - 2011
In the 2011 Franz Cuhel Memorial Lecture, I argue that the study of endogenous rule formation in economic life (what I term the positive political economy of anarchism) should be studied in-depth and that the economic analysis of the Austrian school of economics provides many of the key...
Persistent link: https://www.econbiz.de/10009283791
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Corridors, Coordination and the Entrepreneurial Theory of the Market Process
Boettke, Peter - Volkswirtschaftliche Fakultät, … - 2010
economy. In doing so, we also explain the theoretical context surrounding Kirzner’s theory of the entrepreneurial market … over market theory and the price system that Kirzner was engaging in order to understand the reasons behind his methods and …
Persistent link: https://www.econbiz.de/10009322636
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From neuro-Hayekians to subjectivist Hayekians: a reply to Horwitz and Koppl
Boettke, Peter - Volkswirtschaftliche Fakultät, … - 2010
We recognize the comments made by Horwitz (2010) and Koppl (2010) in their replies to D'Amico and Boettke (2010), "Making Sense out of The Sensory Order." Furthermore, this paper hopes to explain what role D'Amico and Boettke do see for cognitive neuroscience in the study of Austrian Economics....
Persistent link: https://www.econbiz.de/10009323475