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Persistent link: https://www.econbiz.de/10001304530
This paper outlines the development of Hayek's account of the working of decentralised economies, focusing in particular on his move away from using the notion of economic equilibrium towards an emphasis on the notion of 'order'
Persistent link: https://www.econbiz.de/10014139244
This paper compares and contrasts the hermeneutic turn advocated by Don Lavoie in this 1985 essay on The Interpretive Dimension of Economics with the ontological turn that was gathering momentum amongst other groups of heterodox economists at about the same time. It is argued that an explicit...
Persistent link: https://www.econbiz.de/10014140191
We critically assess the nature, method and scope of neoclassical economics, and its purported relationship to the famous definition of economics by Lionel Robbins (that economics is the science of human behaviour as a relationship between scarce mans that have alternative uses). We claim that...
Persistent link: https://www.econbiz.de/10013099018