Several authors have detected a paradigm shift in contemporary science: from a reductionist or mechanicist approach to a holistic or systemic one. This transition in paradigms should be perceptible in several disciplines, starting in biology and extending itself to others areas. In light of the...

Were we to resume the most general methodological principle of the Austrian School it would be truth seeking. Without such an orientation the scientific enterprise (and much more than that) becomes meaningless qua scientific endeavor.

The aim of this paper is to offer a general overview of the institutionalist approach to economics, hoping to make clear some of its main advantages as a framework of study of the economic process. In doing so, a brief exposition about some of the weaknesses of neoclassical economics will be...