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Dr. Anderson and the Austrians: Price formation as a cumulative process
High, Jack - In: The Review of Austrian Economics 24 (2011) 2, pp. 199-211
Persistent link: https://www.econbiz.de/10010863647
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IS EQUILIBRIUM ENOUGH AND WAS STIGLER WRONG? VALUE THEORY IN THE BÖHM-BAWERK / FISHER CONTROVERSIES
Cohen, Avi J. - Center for the History of Political Economy - 2011
some of the most essential elements of modern economic theory, the concepts of mutual determination and equilibrium … (developed by the use of the theory of simultaneous equations)." I propose a radically different assessment, arguing that post …-1870 debates over the extension of the subjective marginal utility theory of value to production and distribution, coupled …
Persistent link: https://www.econbiz.de/10010720647
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Alertness, Action, and the Antecedents of Entrepreneurship
Foss, Nicolai J.; Klein, Peter G. - In: Journal of Private Enterprise 25 (2010) Spring 2010, pp. 145-164
Persistent link: https://www.econbiz.de/10010787733
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On the Notion of Equilibrium or the Centre of Gravitation in Economic Theory
Sinha, Ajit - East Asian Bureau of Economic Research (EABER) - 2010
This paper is a critical examination of the notion of equilibrium in the classical theory of value. It highlights the … theoretical importance as well as the problems associated with the notion of equilibrium in the classical theory and goes on to … argue that Sraffa presents a theory of value within the classical tradition that does not require a notion of equilibrium of …
Persistent link: https://www.econbiz.de/10009365330
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On the notion of equilibrium or the centre of gravitation in economic theory
Sinha, Ajit - Indira Gandhi Institute of Development Research (IGIDR) - 2010
This paper is a critical examination of the notion of equilibrium in the classical theory of value. It highlights the … theoretical importance as well as the problems associated with the notion of equilibrium in the classical theory and goes on to … argue that Sraffa presents a theory of value within the classical tradition that does not require a notion of equilibrium of …
Persistent link: https://www.econbiz.de/10008461012
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Public economics after neoliberalism: a theoretical-historical perspective
Madra, Yahya; Adaman, Fikret - In: The European Journal of the History of Economic Thought 17 (2010) 4, pp. 1079-1106
Musgravean public economics, as the dominant public policy framework of the post-World War II era, argued that the government can and should supplement the price mechanism in order to create a social order within which a democratic society can flourish. Starting with the late 1970s, this project...
Persistent link: https://www.econbiz.de/10008675159
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Austrian economics and climate change
Dawson, Graham - In: The Review of Austrian Economics 26 (2013) 2, pp. 183-206
The aim of this paper is to outline and defend an Austrian policy response to climate change. A privatised climate change policy, based on Austrian welfare economics, is the only way to defend to the greatest possible degree the liberties both of fossil fuel users and people whose property...
Persistent link: https://www.econbiz.de/10010863655
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A human agency approach to the economics of international trade
Yu, Fu-Lai Tony - In: International Journal of Pluralism and Economics Education 1 (2009) 1/2, pp. 22-36
, development economics, monetary theory, public finance and comparative economic systems. Surprisingly, little has been said on the … pure theory of international trade. This paper attempts to fill this gap by utilising the human agency approach to offer a … more realistic theory of international trade based on the individual. It concludes that the human agency approach can …
Persistent link: https://www.econbiz.de/10010669861
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Two perspectives of time in economics: the neoclassical school (Newtonian) versus the Austrian school (Bergsonian)
Yu, Fu-Lai Tony - In: International Journal of Pluralism and Economics Education 3 (2012) 1, pp. 91-103
This paper has two objectives. Firstly, it compares the concept of time in two economic paradigms, the neoclassical and the Austrian school. Secondly, this paper traces the development of the concept of subjective time in the Austrian School of Economics from Carl Menger to the contemporary...
Persistent link: https://www.econbiz.de/10010669875