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'Mises and Hayek Mathematized' : Towards Mathematical Austrian Economics

Hudik, Marek - 2017

The paper argues that the communication gap between Austrian economics and the rest of the profession could be narrowed if only the Austrians became more mathematized. Benefits as well as costs of mathematization are presented: on the one hand, mathematics is a language which is universal, more...

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

Hayek, Gödel, and the Case for Methodological Dualism

Van Den Hauwe, Ludwig - 2017

expounding his cognitive and social theory. The exact meaning of the supposed relationship between Gödel´s theorems, on the one … hand, and the essential proposition of Hayek´s theory of mind, on the other, remains subject to interpretation, however … character of an analogy, or a metaphor. Furthermore the anti-mechanistic interpretation of Hayek´s theory of mind is revealed as …

Persistent link: https://www.econbiz.de/10012975827

Hayek's Nobel after 40 Years

Boettke, Peter J. - 2015

This paper serves as the Introduction to the symposium celebrating the 40th anniversary of F.A. Hayek's Nobel Memorial Prize in Economic Science. The symposium papers were presented at a public event held in October 2014 in Arlington, VA and explore the relevance of Hayek's research program for...

Persistent link: https://www.econbiz.de/10013009771

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

Boettke, Peter J. - 2015

One of the big mistakes in modern intellectual history of the Austrian school is to jump from the reality of Mises'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...

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

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

Boettke, Peter J. - 2015

In this introduction sketch the architecture of Mises' economics and political economy. Mises' overarching program is one of examining exchange (economic science) and the institutions within which exchange takes place (political economy). In recent years the economics profession has moved...

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

The Methodology of the Austrian School of Economics : The Present State of Knowledge

Wiśniewski, Jakub Bożydar - 2015

This paper is an attempt to systematize the methodological insights and contributions of the Austrian School of Economics and present them in their most up-to-date elaboration, thereby building on the earlier literature on the subject. It aims to improve on the publications listed above in two...

Persistent link: https://www.econbiz.de/10013023703

New Austrian Macro Theory : A Call for Inquiry

Lewis, Paul A. - 2016

This essay sketches some contours of what we think can reasonably be called New Austrian macro theory. By New Austrian … essay, we explain that the traditional Austrian macro theory suffers not from analytical wrong-headedness but from an …

Persistent link: https://www.econbiz.de/10012987299

Subjective Expectations and the Process of Equilibration : The Views of Lachmann and Mises

Manish, G.P. - 2018

Ludwig Lachmann claimed that expectations are subjective, and argued that this phenomenon, coupled with the ceaseless change characterizing market data, greatly undermines the strength of any process of equilibration. This paper compares his views on this subject with those of Mises. It argues...

Persistent link: https://www.econbiz.de/10012927871

Austrian Macroeconomics in Search of Its Uniqueness

Luther, William J. - 2018

We consider the essential features of an Austrian macroeconomic model and then ask whether these features are unique. We argue that the temporal aspect of the structure of production is not an essential feature. Malinvestments in any dimension (e.g., time, geography, type, etc.) can generate the...

Persistent link: https://www.econbiz.de/10012933552

Can we design spontaneity? : the tension between evolution and design and the defense of liberalism in Hayek

Colin-Jaege, Nathanaël - 2021

F.A Hayek is one of the most important and influential advocates of liberalism in the 20th century. His theory is …'s political theory, gave birth to a set of debates regarding the consistency of Hayek's thinking. In this article I argue, against … several commentators and critics, that the theory of spontaneous order, which draws on complexity theory and cultural …

Persistent link: https://www.econbiz.de/10012515205