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Myrdal, received the 1974 Nobel Memorial Prize in economics, for "their pioneering work in the theory of money and economic …
Persistent link: https://www.econbiz.de/10014343108
Professor Axel Leijonhufvud passed away few months ago, at the age of 89. Despite the fact that the contribution he made to economics has been widely recognized, his approach remains 'problematic' because of his dialogue and proximity with different streams of thought, and in particular with the...
Persistent link: https://www.econbiz.de/10014230861
Economic history has become an increasingly broad discipline, after a temporary narrowing following the cliometric revolution of the mid-twentieth century. Increasingly sophisticated econometric techniques are used to capture the institutional detail involved in the dynamics of historical...
Persistent link: https://www.econbiz.de/10015051907
The aim of this article is to investigate the relationship between the praxeology of L. von Mises and the theory of … action of Alfred Schütz. Because of the importance that Mises’ theory has had on economics it is interesting to highlight the … theory of the action is being more and more diffused in the social sciences and in the second place, because the importance …
Persistent link: https://www.econbiz.de/10003935368
The Austrian contribution to the development of law and economics is the study of endogenous rule formation, or the spontaneous evolution of social institutions, which can be traced to the founder of the Austrian School, Carl Menger. While Menger's emphasis on spontaneous institutional analysis...
Persistent link: https://www.econbiz.de/10012910909
theory of belief revision, the development of an approach less susceptible to the same disappointment …
Persistent link: https://www.econbiz.de/10012938067
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
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
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
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