Thursday , April 17 2025
Home / Video / Kingston 2016 Becoming an Economist Lecture 3: The Austrians (1/2)

Kingston 2016 Becoming an Economist Lecture 3: The Austrians (1/2)

Summary:
The Austrian School shares the same theory of value foundations as the Mainstream, but rejects its use of both equilibrium thinking and equilibrium-oriented mathematical modelling. I cover Hayek, complexity, and the Austrians most Austrians reject, Joseph Schumpeter.

Topics:
Steve Keen considers the following as important:

This could be interesting, too:

Robert Vienneau writes Austrian Capital Theory And Triple-Switching In The Corn-Tractor Model

Mike Norman writes The Accursed Tariffs — NeilW

Mike Norman writes IRS has agreed to share migrants’ tax information with ICE

Mike Norman writes Trump’s “Liberation Day”: Another PR Gag, or Global Reorientation Turning Point? — Simplicius











The Austrian School shares the same theory of value foundations as the Mainstream, but rejects its use of both equilibrium thinking and equilibrium-oriented mathematical modelling. I cover Hayek, complexity, and the Austrians most Austrians reject, Joseph Schumpeter.


Steve Keen
Steve Keen (born 28 March 1953) is an Australian-born, British-based economist and author. He considers himself a post-Keynesian, criticising neoclassical economics as inconsistent, unscientific and empirically unsupported. The major influences on Keen's thinking about economics include John Maynard Keynes, Karl Marx, Hyman Minsky, Piero Sraffa, Augusto Graziani, Joseph Alois Schumpeter, Thorstein Veblen, and François Quesnay.

Leave a Reply

Your email address will not be published. Required fields are marked *