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:
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:
New Economics Foundation writes Is the Labour government delivering on its promises?
Robert Vienneau writes Why Is Marginalist Economics Wrong?
John Quiggin writes Dispensing with the US-centric financial system
New Economics Foundation writes Whose growth is it anyway?
|