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The methodological individualism and subjectivism of the Austrian tradition in economics is often associated with a methodological dualism, i.e. the claim that the nature of its subject matter, namely purposeful and intentional human action, requires economics to adopt a methodology that is...
Persistent link: https://www.econbiz.de/10010296221
Using Adam Smith's notion of an 'invisible hand', this extraordinary contribution identifies dogmatic versus pragmatic views of free markets. Published posthumously, with new contributions by Rod O'Donnell, Daniel B. Klein and Christopher Torr, this book outlines Mittermaier's main thesis and...
Persistent link: https://www.econbiz.de/10014321720
This book considers the relationship between Hayek and Mill, taking issues with Hayek's criticism of Mill and providing a broader perspective of the liberal tradition. Featuring contributions from the likes of Ross Emmett, Leon Montes and Robert Garnett, these chapters ask whether Hayek had an...
Persistent link: https://www.econbiz.de/10011902028
political influence on functional income distribution in the labour market. It contains essays on Böhm-Bawerk’s temporal theory …
Persistent link: https://www.econbiz.de/10014493042
Hegel und zu der Tradition der Philosophie überhaupt ein konstitutiver Bestandteil der Marxschen Theorie und gerade auch … ergeben. Und schließlich wollen wir erklären, woher bei Marx das notorische Defizit einer politischen Theorie rührt. …
Persistent link: https://www.econbiz.de/10011422232
Whether a theoretical system is realistic or not has been a concern in economics, particularly in monetary theory, over … the past century. Following John R. Hicks' proposal that a realistic monetary theory could be constructed along an … basic theories of monetary analysis. Concentrating primarily on certain fundamental building blocks it covers: the theory …
Persistent link: https://www.econbiz.de/10012648074
In this paper the view of humankind and nature upon which the thinking of Malthus is founded will be reflected on and contrasted with the opposed understanding of his contemporary Wordsworth. We show that the economic considerations of both are based decidedly on the premise of these views, and...
Persistent link: https://www.econbiz.de/10011422113
Kirzner defines the entrepreneurial function. In order to better understand his theory, we posit Kirzner's notion of an …
Persistent link: https://www.econbiz.de/10010320080
This paper has two sources: One is my own research in three broad areas: business cycles, economic measurement and social choice. In all of these fields I attempted to apply the basic precepts of the scientific method as it is understood in the natural sciences. I found that my effort at using...
Persistent link: https://www.econbiz.de/10010295300