The purpose of the article is to analyse the way in which the Austrian theoretical tradition in economic thought deals with the heterogeneity of the agents. This heterogeneity is presented in the form of a categorization of actors faced with change, that allows to define three individual types...

This is the first of two essays on the influences of Peter Drucker’s exposure to proponents of the Austrian School of economics on his writing and philosophical views. In this essay, I review the major influences that appear to have shaped much of his thinking, focusing mainly on post-World...

Ronald Coase merged two traditions in economics, marginalism and institutionalism. Neoclassical economics in the 1930s was characterized by an abstract conception of marginalism and frictionless resource movement. Marginal analysis did not seek to uncover the source of individual human...

For almost half a century, Alfred D. Chandler Jr. has enjoyed an enviable reputation as the most influential business historian in the world. Yet, there is one dimension of his scholarship that has thus far been mostly overlooked. And that is its indebtedness to, and refinement of, the genre of...

The present essay addresses the epistemic difficulties involved in achieving consensus with respect to the Hayek-Keynes debate. It is argued that the debate cannot be settled on the basis of the observable evidence; or, more precisely, that the empirical implications of the relevant theories are...

The aim of this paper is to explain what philosophical commitments drove mainstream professional economists to understand their own discipline as leaving no space for ethics (including virtue) between, say, 1887 and 1971. In particular, it is argued that economics embraced a technocratic...

This paper focuses on Ludwig von Mises methodological apriorism. It uses Wittgenstein’s private language argument as the basis for a critique of Mises’s claim to have found apodictically certain foundations for economic analysis. It is argued instead that Mises’s methodology is more...

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...

Spanish Abstract: Las concepciones doctrinarias en cabeza de personalidades de la política, son la respuesta a un proceso anacrónico de adopción de patrones ideológicos que no correspondieron al ordenamiento económico de la segunda mitad del siglo XIX en Colombia. Esto acarreó una...

This is the second of two essays on the influences of Peter Drucker's exposure to proponents of the Austrian School of economics on his writing and philosophical views. In the first essay, “On the Foundations of the Drucker Vision,” I review the major influences that appear to have shaped...