Using recent findings from modern empirical disciplines and mainly building on F.A.Hayek’s thoughts, the paper gives a definition of knowledge in accord with the Austrian School’s tradition, and basing on the definition, it sums up three behavior assumptions and a framework on explaining...

Milton Friedman (1962) famously argued there can be no freedom of speech where the government owns the printing presses. According to Friedman, political freedom presupposes economic freedom. Less well-known are F. A. Hayek's and John Jewkes's illustrations of the same principle, both drawing...

Friedrich von Hayek, die wirkungsmächtigste Person im Neoliberalismus, hat insbesondere in seiner Theorie des "Wettbewerbs als Entdeckungsprozess" eine Utopie formuliert, deren Besonderheit darin besteht, dass sie versucht, jeder anderen Utopie - gleich welcher Richtung - ihre Berechtigung zu...

Im Folgenden wird untersucht welche Antworten die Wirtschaftswissenschaften auf die Frage geben, welchen Einfluss das Geld in der Gegenwart auf unser Denken und Handeln ausübt. Dabei wird deutlich, dass der Mainstream der Wirtschaftswissenschaften das Geld als einen Denkzwang stets voraussetzt...

The contemporary human rights debate is mostly concerned with the protection of people affected by change that is beyond their control. But what about those who make use of their basic economic rights to facilitate economic and social change? Do these agents of change need protection and, if so,...

The paper unravels the subversive nature of Schumpeter’s proposition that entrepreneurs carry out innovations (the micro level), that swarms of followers imitate them (meso) and that, as a consequence, ‘creative destruction’ leads to economic development ‘from within’ (macro). It is...

The paper unravels the subversive nature of Schumpeter’s proposition that entrepreneurs carry out innovations (the micro level), that swarms of followers imitate them (meso) and that, as a consequence, 'creative destruction’ leads to economic development 'from within’...

Die Arbeit gibt einen Überblick über die Analytik, Ontologie und die theoretischen Schlüsselkonzepte der Evolutionsökonomie. Zentraler Erkenntnisgegenstand der Evolutionsökonomie ist das Wachstum und die Koordination ökonomisch relevanten Wissens. Im Rahmen des dargestellten einheitlichen...

In this paper we revisit the case for methodological individualism for the positive analysis of political economy. We argue that the basis of methodological individualism implies neither a necessary commitment to atomistic reductionism in explaining social phenomena nor philosophical...

This paper argues that liberty and progress arose due to the generalized increasing returns to economic activity. These increasing returns follow from the gradual, cumulative process of institutionalizing liberties. As a society adopts an institutional framework from accumulated liberties, there...