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Evolution of Austrian Economics: From Menger to Lachmann book cover

1st Edition

Evolution of Austrian Economics From Menger to Lachmann

By Sandye Gloria-Palermo Copyright 1999
    200 Pages
    by Routledge

    198 Pages
    by Routledge

    200 Pages
    by Routledge
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    This book argues, against the dominant orthodoxy in the history of economic thought, for the originality of Carl Menger's contribution to the development of the Austrian school of economics. Situating the evolution of Menger's thought in the tradition of classical political economy, the author documents the emergence of a Mengerian logic and its contribution to the formation of a distinctly Austrian tradition of economics.
    In its bold elucidation of the shaping of a tradition in economic thought, Tradition and Innovation in Austrian Economics provides a fresh and challenging perspective on the Austrian school which will be of interest to researchers in Austrian economics and the history of economic thought.

    Introduction, Part 1: The Originality and Foundations of Menger's Logic, 1. A Particular Interpretation of Menger, 2. Confrontation with an A Posteriori Definition of Marginalism, Part 2: The Progressive Neglect of Menger's Originality, 3. Bohm-Bawerk's 'greatest error', 4. From Imputation to the Proof of Existence of General Equilibrium, 5. The 'Austrian' Theory of Cycles, Part 3: Menger's Legacy, 6. Reappearance of the Mengerian Essence, 7. The Limits of Austrian Praxeology: Rothbard's Line of Thought, 8. The Theory of Entrepreneurship: Kirner's Line of Thought, 9. The Extension of Subjectivism to Expectations: Lachman's Line of Thought, Part 4: Which Way Forward?, 10. Beyond Theoretical Nihilism, 11. Scope and Limits of the Austrian Analyses of Institutions, Conclusion. A Plea for an Opening up to Institutionalist Logic, Notes, Bibliography

    Biography

    Sandye Gloria-Palermo

    'The undogmatic approach of the author allows a unique judgement of the merits of current and past research in Austrian theory.' - Frank P. Maier-Rigaud - The Review of Austrian Economics [14:1, 97-99, 2001]
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