The exchange paradigm: Where to now?

The Review of Austrian Economics, 2007, vol. 20, issue 2, pages 201-203

Abstract: This essay restates the main conclusions of “Value and Exchange,” discusses three possible directions of research that flow from it, and evaluates their likely impact on the economics profession. The three directions are (1) the application of the distinction between value paradigm and exchange paradigm to the elucidation of the history of economic thought, (2) formal theorizing within the framework of the exchange paradigm, and (3) empirical work informed by the insights of the exchange paradigm. Copyright Springer Science+Business Media, LLC 2007

Keywords: Value paradigm; Exchange paradigm; B4; B5 (search for similar items in EconPapers)

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