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:
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