Austrian Economics in Debate

by Willem Keizer, Bert Tieben, Rudy Van Zijp

Overview

This book presents essays by an outstanding team of international specialists and covers a wide range of topics, including (inter alia) the relationships between the Austrian and Swedish theories of the business cycle, the on-going debates between Austrians and (Post) Keynesians, Schumpeter's 'Walrasian' stand in the socialist calculation debate, and the Austrian roots of Neo-Institutional economics. The studies stress the unique Austrian contributions to economic methodology and to the theory of entrepreneurship, while revealing unexpected methodological and philosophical similarities between, among others, Hayek and Marx.

Product Details

ISBN-13:	9781317949978
Publisher:	Taylor & Francis
Publication date:	10/24/2018
Series:	Routledge Studies in the History of Economics
Sold by:	Barnes & Noble
Format:	eBook
Pages:	302
File size:	682 KB

About the Author

Willem Keizer, Bert Tieben, Rudy Van Zijp

Table of Contents

Notes on contributors, 1 Introduction: Austrian Economics in Debate, 2 Austrian Themes in a Reconstructed Macroeconomics, 3 Money, Economic Fluctuations, Expectations and Period analysis: The Austrian and Swedish Economists in the Interwar Period, 4 Schumpeter's Walrasian Stand in the Socialist Calculation Debate, 5 Misunderstandings and Other Coordination Failures in the Hayek-Keynes Controversy, 6 Critical Realism: Marx and Hayek, 7 Austrian Economics and the Abandonment of the Classic Thought Experiment, 8 The Theory of Entrepreneurship in Austrian Economics, 9 Entrepreneurship, Interdependency and Institutions: The Comparative Advantages of the Austrian and Post-Keynesian Styles of Thought, 10 Hayek and Rational Expectations, 11 On Austrian and Neo-Institutionalist Economics, 12 Private Information, Contractual Arrangements and Hayek's Knowledge Problem, Index

Editorial Reviews

Papers from a 1995 conference offer historical, methodological, and theoretical perspectives on Austrian contributions to economic thought. After a general introduction, early material shows how Austrian economists initiated and contributed to developments in economic theory. Later essays reinterpret particular aspects of Austrian methodology and its relationship with competing paradigms, and examine prospects for a fruitful cross-fertilization between the Austrian and other contemporary paradigms. Annotation c. by Book News, Inc., Portland, Or.

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