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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
of economic innovation. Over recent decades the language and concepts of innovation theory has broadened to non … institutional character. Social innovation theory assails the limitations of market-state duality by stressing the involvement of … non-market, non-state social actors in promulgating social novelties. Austrian perspectives on social theory may also gain …
Persistent link: https://www.econbiz.de/10013249594
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
Vernon Smith (2008) argues that his experimental work is a demonstration of Friedrich Hayek's ‘ecological rationalism'. This assertion is difficult to square with Hayek's apparent dismissal of the possibility of demonstrating ‘ecological rationality' in a laboratory (documented in Smith...
Persistent link: https://www.econbiz.de/10013077239
This paper addresses the perspective of Hayek's doctrine on monetary arrangements in the economy and his favorable argument for an international central bank over national central bank. I also discussed Hayek's view on free banking (i.e. for the free issue of bank notes) that would enable the...
Persistent link: https://www.econbiz.de/10013077505
The method appropriate to the historical and conceptual investigation of Hayek’s ideas is implicit in his own writings on the methodology of disciplines that study complex phenomena. The phenomena of Hayek’s career are complex phenomena requiring a method appropriate to this complexity.
Persistent link: https://www.econbiz.de/10011899124
The economic paradigms of Ludwig von Mises on the one hand and of John Maynard Keynes on the other have been correctly recognized as antithetical at the theoretical level, and as antagonistic with respect to their practical and public policy implications. Characteristically they have also been...
Persistent link: https://www.econbiz.de/10014195194
Persistent link: https://www.econbiz.de/10014199436
The ethical and legal thought of Thomas Aquinas and F. A. Hayek emerged out of distinct philosophical traditions. Aquinas, following the Aristotelian tradition, emphasized the inexact character of ethics and hence the mutability of law due to the contingency of particular circumstances. Hayek,...
Persistent link: https://www.econbiz.de/10014056888
paper discuss Mengerian methodology for studying the human sciences, Mengerian process theory, the connection to Adam Smith …
Persistent link: https://www.econbiz.de/10014081498