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Persistent link: https://www.econbiz.de/10011742210
Do markets make the conditions for moral action possible? To answer to this question, I will develop the normative implications of competition in the market process. As a value-free science, positive economics illustrates the economic consequences of different forms of competitive behavior for...
Persistent link: https://www.econbiz.de/10012863329
Persistent link: https://www.econbiz.de/10014282743
This paper constitutes the start of a project dedicated to Austrian economist and economic sociologist Friedrich von Wieser (1851-1926). Its central claim is that especially in recent decades, Wieser has become a disproportionately underresearched scholar, and the paper provides a set of...
Persistent link: https://www.econbiz.de/10012964000
Frank Knight’s theory of monopoly price has received relatively little attention in the literature on Risk, Uncertainty … and Profit. We argue that Knight accepted and refined the monopoly price theory of Carl Menger and his followers. Knight … price theory that seriously engages the study of institutions; and it adds new evidence and nuance to ongoing debates about …
Persistent link: https://www.econbiz.de/10013223214
This is the introduction a Symposium on Carl Menger on the Centenary of his Death. Our introduction includes a short biographical sketch of Carl Menger's life as well as a summary of the contribtuions to the symposium by Sandra J. Peart, Günther Chaloupek, Erwin Dekker, and Sandye Gloria
Persistent link: https://www.econbiz.de/10013211530
In studying the development of western freedoms, perhaps no subject is more worthy of discussion than classical liberalism, which the late historian Ralph Raico wrote was “the signature political philosophy of Western Civilization.” Raico defined classical liberalism as “the ideology...
Persistent link: https://www.econbiz.de/10013247112
methodological characteristics of Austrian economics: Austrian action theory and interpretative understanding, a relatively …
Persistent link: https://www.econbiz.de/10012698010
This paper constitutes the start of a project dedicated to Austrian economist and economic sociologist Friedrich von Wieser (1851-1926). Its central claim is that especially in recent decades, Wieser has become a disproportionately underresearched scholar, and the paper provides a set of...
Persistent link: https://www.econbiz.de/10011610366