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The Austrian school in Bulgaria: A history

Nikolay Nenovsky () and Pencho Penchev ()

Russian Journal of Economics, 2018, vol. 4, issue 1, 44-64

Abstract: The main goal of this study is to highlight the acceptance, dissemination, interpretation, criticism and make some attempts at contributing to Austrian economics made in Bulgaria during the last 120 years. We consider some of the main characteristics of the Austrian school, such as subjectivism and marginalism, as basic components of the economic thought in Bulgaria and as incentives for the development of some original theoretical contributions. Even during the first few years of Communist regime (1944–1989), with its Marxist monopoly over intellectual life, the Austrian school had some impact on the economic thought in the country. Subsequent to the collapse of Communism, there was a sort of a Renaissance and rediscovery of this school. Another contribution of our study is that it illustrates the adaptability and spontaneous evolution of ideas in a different and sometimes hostile environment.

Keywords: history of economic thought; dissemination of economic ideas; Austrian school; Bulgaria (search for similar items in EconPapers)
JEL-codes: B00 B13 B30 B41 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Working Paper: The Austrian School in Bulgaria: A History (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:arh:jrujec:v:4:y:2018:i:1:p:44-64

DOI: 10.3897/j.ruje.4.26005

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