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The main aim is to identify a few of the methodological principles with which most Austrians are in agreement and which are the most relevant to an explanation of the Austrian attitude to the use of mathematics and econometrics in economics. This paper can be roughly divided into three parts....
Persistent link: https://www.econbiz.de/10005258081
The paper presents the debate over economic calculation under socialism that took place in the interwar period. The author explains why and how important was the debate for the history of economic thought. The main conclusion of this article is that the debate was not only an important episode...
Persistent link: https://www.econbiz.de/10005258246
The aim of this paper is to introduce the market process as a central concept of Austrian economics as opposed to the general-equilibrium approach of the neoclassical school. In the first part the author shortly reviews the theme of entrepreneur and understanding of entrepreneurial function in...
Persistent link: https://www.econbiz.de/10004963554