Contemporary social teaching suffers from a grave deficiency: it is lacking rules of methodology and procedure suited to social reality that are, in particular, able to reconcile increasing creativity (implying irreversibility) with rationality, which are indispensable for the scientific...

In this paper we have presented arguments for heuristics on economics research. In particular, have been important aspects that show how the tradition of the theory, to make principle simplicity to represent many empirical data of experience or information, was one of the goals set by the...

The present essay investigates F.A. Hayek’s epistemology and his methodology of sciences of complex phenomena for implications relevant to an explanation of Hayek’s own so- called “epistemic turn.” The thesis defended here is that Hayek’s dissatisfaction with his technical economics...

The article takes a position on an approach that puts economic philosophy in a field consisting of three types of intersection: between political economy and social philosophy, between normative economics and moral philosophy, and finally between economics and philosophy of science. It shows,...

In diesem Beitrag werden die Grundzüge der Überinvestitionstheorien von Hyman Minsky auf der einen und die von v. Hayek/Garrison auf der anderen Seite zunächst in den 'Sprachen' der Originalbeiträge herausgearbeitet. Anschließend wird ihr möglicher Erklärungsbeitrag für die aktuelle...

The implications political regimes upon trade policy are going to be praxeologically deduced and used in order to provide an alternative historical interpretation of protectionism and free trade throughout Western history, starting from the Middle Ages right up to the creation of the WTO/GATT....

Our contribution aims at revealing the terms of a confrontation between Austrian and Institutional schools concerning the nature and the role of markets. Such an approach is justified by, on the one hand, the characteristics shared by both theoretical traditions and on the other by the fact that...

Working definitions of industrial and competition policy are provided. Based on definition variants of relations of two directions of economic policy have been described. Approaches to building industrial policy have been formulated within the framework of studies based on principles adopted in...

It is traditionally claimed that the State has three main categories of policies to implement: allocation, distribution and stabilization policies. In the present chapter we will be concerned only with stabilization policies or, more generally, with the role public policies may have in...

The conventional version of Austrian business cycle theory focuses on a temporary imbalance between natural and monetary rates of interest. When, because of the role of monetary authorities in defining the monetary rate, the two values are in a situation of imbalance, the resulting expansion...