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Understanding Economic Behaviour
  • Language: en
  • Pages: 432

Understanding Economic Behaviour

may be related to another basic assumption in economic psychology: that the human capacity to process information from the environment is limited, and that the kind of optimal use of that information postulated in many economic theories is therefore not possible. The research methods used are mainly geared towards empirical research, and there mostly towards survey research and experimentation. Experimentation involves most often simulated behaviour in a laboratory, which allows the experimental manipulation of possible causes of behaviour which would not be possible in real life. Survey research is the most widely used instrument for investigating real-world behaviour, with all its caveats ...

The Problem of Production
  • Language: en
  • Pages: 187

The Problem of Production

  • Type: Book
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  • Published: 2015-12-22
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  • Publisher: Routledge

The theory of the firm has been fertile ground for economists. Bylund proposes a new theory, rooted in Austrian economics, which examines the firm as a part of the market, and not as a free-standing entity. In this integrated view, a theory is offered which incorporates entrepreneurship, production, market process and economic development.

Entrepreneurship and the Market Process
  • Language: en
  • Pages: 409

Entrepreneurship and the Market Process

  • Type: Book
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  • Published: 2002-01-08
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  • Publisher: Routledge

Enterpreneurship is central to the market process, and yet most theories of it fail to tackle the problem of how economic agents learn from their experience. This book redresses this by systematically applying the ideas of Karl Popper. It treats the entrepeneur as a theorist who develops conjectures which are then tested by exposure to the market, in an effort to eliminate errors. This is a critical aspect of the development of new ventures, as most entrepeneurial ideas turn out to be mistakes, at least in their original form.

Subjectivism and Objectivism in the History of Economic Thought
  • Language: en
  • Pages: 218

Subjectivism and Objectivism in the History of Economic Thought

  • Type: Book
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  • Published: 2012
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  • Publisher: Routledge

The book attempts to investigate the position of subjectivism in the economic theories in the past, and its relationship or rather confrontation with objective point of view in economics.

The Philosophy of the Austrian School
  • Language: en
  • Pages: 336

The Philosophy of the Austrian School

  • Type: Book
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  • Published: 2005-08-18
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  • Publisher: Routledge

The Austrian School has made some of the most significant contributions to the social sciences in recent times but attempts to understand it have remained locked in a polemical frame. In contrast, The Philosphy of the Austrian School presents a philosophically grounded account of the School's methodological, political and economic ideas. Whilst acknowledging important differences between the key figures in the School - Menger, Mises, and Hayek - Raimondo Cubeddu finds that they also have significant things in common. Paramount amongst these are theories of subjective value and notions of spontaneous order, both of which rest on theories of seminal avenues of research in the social sciences and a major reformulation of liberal ideology.

The Microfoundations Delusion
  • Language: en
  • Pages: 301

The Microfoundations Delusion

ïThis excellent book documents the creation of what has become the first commandment of orthodox macroeconomics: that microeconomic theory provides its foundation because this is the most secure form of economic knowledge. By contrast, John King shows conclusively that microeconomics cannot play such a role when assessed by the criteria of logic, or of science, or of economics itself. Indeed, he goes further and demonstrates that the microfoundations dogma detracts from knowledge about how economies actually operate, and instead generates patently false conclusions. Moreover, the dogma is shown to have blinded orthodox economists from even seeing the possibility of typical macroeconomic cri...

The Concept of Equilibrium in Different Economic Traditions
  • Language: en
  • Pages: 689

The Concept of Equilibrium in Different Economic Traditions

'Bert Tieben is very well read in the history of economic thought and provides an overview of one of the basic concepts of economics that is unrivalled both in its scope and in its thoughtful and detailed discussion of the various currents and schools. It goes right to the heart of economic theory and asks some pertinent questions about the limits and the future of economic theorizing. That is, I think, what sets it apart from many other studies in the history of economic thought: it is history with an eye to the future, and it does all this without making any demands on the mathematical skills of the reader. This book should therefore appeal to everybody who is interested in the methodology...

Austrian Economics Re-examined
  • Language: en
  • Pages: 315

Austrian Economics Re-examined

  • Type: Book
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  • Published: 2014-12-05
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  • Publisher: Routledge

Austrian Economics Re-examined: The Economics of Time and Ignorance is an expanded version of the 1996 edition of The Economics of Time and Ignorance. This work is a classic statement of the role of subjectivism, radical uncertainty and change through real time in Austrian economics specifically, and in modern economics more generally. The new book contains the full text and Introductions of the earlier edition as well as the comprehensive previously-unpublished essay "What is Austrian Economics?" and a new Introduction. The essay is a comprehensive overview of the central themes of the book from a somewhat different perspective than in the book itself. It supplements the analysis in the boo...

Psychological Economics
  • Language: en
  • Pages: 282

Psychological Economics

Peter E. Earl There is no doubt that it is appropriate for a series on Modern Economic Thought to include a book on the recent development of economic analysis incorporating ideas from psychology. This book was designed to appear in 1987, 15 years after the publication of a now classic collection of essays in honor of George Katona (Strumpel et aI. , 1972), who throughout the fifties and sixties had been tirelessly trying to persuade economists of the virtues of an infusion of psychology into their work. In the intervening 15 years there has been a considerable growth of interest along the lines for which Katona had been arguing. Many psychology-based economics mon ographs have appeared; a s...

The Economics of Time and Ignorance
  • Language: en
  • Pages: 389

The Economics of Time and Ignorance

  • Type: Book
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  • Published: 2002-09-11
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  • Publisher: Routledge

The Economics of Time and Ignorance is one of the seminal works in modern Austrian economics. Its treatment of historical time and of uncertainty helped set the agenda for the remarkable revival of work in the Austrian tradition which has led to an ever wider interest in the once heretical ideas of Austrian economics. It is here reprinted with a substantial new introductory essay, outlining the major developments in the area since its original publication a decade ago.