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The foundation of Ludwig von Mises's business cycle theory : real analysis as a chain of tautologies

Molavi Vasséi, Arash - 2012

This paper addresses Ludwig von Mises's business cycle theory at maturity, as advanced in his opus magnum Human Action. In this work, Mises embeds the business cycle theory which he initially developed in Theorie des Geldes und der Umlaufmittel into the broad context of his methodological...

Persistent link: https://www.econbiz.de/10012822372

James Buchanan on the Nature of Choice : Ontology, Artifactual man, and the Constitutional Moment in Political Economy

Lewis, Paul A. - 2019

Historians of economic thought are paying greater attention to issues of social ontology (that is, to the assumptions that economists make about the nature of social reality). In this paper, we contribute to this burgeoning literature by exploring the hitherto neglected way in which James...

Persistent link: https://www.econbiz.de/10012868240

Epistemic Institutionalism : Rules and Order, Complexity, and Liberalism

Lewis, Paul A. - 2019

This paper offers an immanent critique of Peter Boettke's recent book, 'F.A. Hayek: : Economics, Political Economy and … rules and social order, the significance of Hayek's work on complexity, and the importance of debates over the nature of …

Persistent link: https://www.econbiz.de/10012871433

'Mises and Hayek Mathematized' : Towards Mathematical Austrian Economics

Hudik, Marek - 2017

methodology, although some aspects of Austrian economics may be at the present state of knowledge difficult to formalize …

Persistent link: https://www.econbiz.de/10012973265

1985 : A Defining Year in the History of Modern Austrian Economics

Boettke, Peter J. - 2015

Mises and Hayek in the 1920s and 1940s thought of their work as within the orthodoxy of economic science. But after … WWII it became increasingly obvious that the contributions of Mises and Hayek were out of step with the way the economics … bolstered by the awarding of the Nobel Prize in Economic Science to FA Hayek, a resurgence of interest in Austrian economics by …

Persistent link: https://www.econbiz.de/10013010731

Controversy : Is Economics a Moral Science? A Response to Ricardo F. Crespo

Boettke, Peter J. - 2015

My contention is that political economy as a value-relevant discipline has a legitimate claim on our intellectual attention only to the degree that it is grounded in the value-neutral logic of economic analysis — an analysis that while it cannot determine ultimate values may nevertheless...

Persistent link: https://www.econbiz.de/10013010739

The Methodology of Austrian Economics as a Sophisticated, Rather Than Naive, Philosophy of Economics

Boettke, Peter J. - 2015

(1974, Hayek) indicates their high stature despite their unpopular positions in methodology, analytics, and political …'s and Hayek's being on the wrong side of the zeitgeist to a claim that they were somehow dismissed relics of a pre …-scientific age or martyrs to the causes. The reality is that Mises and Hayek were neither refuted nor martyred; they were simply on …

Persistent link: https://www.econbiz.de/10013010744

Problem of Indifference and Choice

Posvanc, Matus - 2019

The aim of this paper is to anchor the problem of indifference and choice in a time continuum. Every action is future-oriented. The choice that is being made here and now is the choice that should, from a subjective point of view, eliminate a feeling of uneasiness toward the future. As Shackle...

Persistent link: https://www.econbiz.de/10012858113

Financial Bailouts and the Philosophy of Frédéric Bastiat

McGee, Robert W. - 2014

Frédéric Bastiat (1801-1850) was a French thinker who did most of his writing in the last six years of his life. One of his major contributions to economic thought was his application of opportunity cost to a wide range of economic policies. The present paper uses the Bastiat approach to...

Persistent link: https://www.econbiz.de/10013054176

Introduction : The Economist as System Builder: Ludwig Von Mises and the Architect of Economic Science and Political Economy

Boettke, Peter J. - 2015

. The increasing recognition of the role for private property and entrepreneurship in securing economic development as well …

Persistent link: https://www.econbiz.de/10013020944