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...

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...

This paper seeks to explain the reception of a novel idea in artworks from a phenomenological perspective, with special reference to creativity in oil painting. It argues that whether a new idea in artwork is accepted or not by the community is a matter of subjective interpretation. Based on...

Taiwan has been referred to by the World Bank as one of the East Asia's “economic miracles”. Many quantitative models on Taiwan's economic growth have been conducted by neo-classical mainstream economists. However, none of them investigates in detail the thinking of those policy-makers who...

This paper seeks to explain the reception of a novel idea in artworks from a phenomenological perspective, with special reference to creativity in oil painting. It argues that whether a new idea in artwork is accepted or not by the community is a matter of subjective interpretation. Based on...