Author : Allen Oakley
Publisher : Edward Elgar Publishing
Page : 240 pages
File Size : 52,8 Mb
Release : 1999
Category : Business & Economics
ISBN : STANFORD:36105023599439
The Revival of Modern Austrian Economics by Allen Oakley Pdf
Oakley (economics, U. of Newcastle, Australia) critically assesses the subjectivist metatheoretical origins of the revival of modern Austrian economics, and analyzes the contribution to subjectivist philosophy made by the founders of the neo-Austrian revival. He argues that while von Mises and von Hayek each confronted mainstream microeconomics with restricted subjectivist alternatives, Lachmann called for a more comprehensive range of subjectivist principles. He concludes that though all three made major contributions in the 1970s, the task of applying the tenets of a complete subjectivism awaits another generation of economists. Annotation copyrighted by Book News, Inc., Portland, OR