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This paper utilises the contributions of A. Schutz and F. Hayek to understanding the entrepreneur's subjective interpretation, innovation and coordination. In terms of Schutz's phenomenology, this paper argues that intersubjectivity allows economic activities to be coordinated. When the...
Persistent link: https://www.econbiz.de/10010669000
Scholars in Austrian economics have amply criticised many aspects of neoclassical economics including methodology, development economics, monetary theory, public finance and comparative economic systems. Surprisingly, little has been said on the pure theory of international trade. This paper...
Persistent link: https://www.econbiz.de/10010669861
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
policies of the two largest economies in the world, we analyse the deepening economic relations between Austria and the CESEE …. From the perspective of CESEE, Austria represents a top 10 export destination for seven countries, a top 10 source country … indicators on Austria's economic ties with CESEE free of charge with our interactive data visualisations. …
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