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by utilizing the Austrian theory of interventionism to illustrate how regulation of the lighthouse market distorted the …
Persistent link: https://www.econbiz.de/10012919104
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
This article is about the relationship between visions and theory. In the modern vision, the world is a collection of …
Persistent link: https://www.econbiz.de/10015188160
An important question for any researcher who wishes to revisit the socialist calculation debate is: Why beat a dead horse? With the collapse of the communism in 1991, other than for historical purposes, there seems to be little value in rehashing the debate over socialism’s feasibility....
Persistent link: https://www.econbiz.de/10014198918
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paper discuss Mengerian methodology for studying the human sciences, Mengerian process theory, the connection to Adam Smith …
Persistent link: https://www.econbiz.de/10014081498
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
of political economy — or public choice theory — as developed by James Buchanan and Gordon Tullock; and the ordo …
Persistent link: https://www.econbiz.de/10012953094
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