. 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 …

. If the definition and supposition are granted we can conclude that the theory of everyday action, such as walking or … chewing gum, is one and the same as the theory of evolution. The conclusion is definitely strange if not extraordinary. It is … conclusion is extraordinary only because it goes against the dominant dogmas in economics (i.e., neoclassical theory) and …

This paper discusses, from the perspective of Austrian economics, the merits and drawbacks of game theory in economics …. It begins by arguing that Austrians have neglected game theory at their peril, and then argues that game theoretic … reasoning may be one way of modelling key Austrian insights, although some aspects of game theory doesn’t square easily with …

, from network theory, and from Austrian economics are tested on objective cross-section and time-series data for the …

<Para ID="Par1">In response to Israel Kirzner’s claim that “culture lies outside the scope of economic theory itself …