connection between Menger's 19th century theory of goods and 20th century learning theories is established. The problem of how to … 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 …

of individual learning and its effects upon social institutions and economic processes is described by referring to Cowan …

latter task a cognitive theory is suggested which highlights an Austrian, or entrepreneurial, approach to the firm. …

analysis, we construct an evolutionary model including a coordination failure. Differences in learning dynamics make the …

broadcast or sent via shortest paths; only connection density matters. In contrast, homophily substantially slows learning based …

We study learning and influence in a setting where agents communicate according to an arbitrary social network and …

explicitly the choice to use the social network as a learning mechanism. In the model, we consider a set of actors that creates …