Reappraising Austrian Economics' Basic Tenets in the Light of Aristotelian Ideas

Ricardo Crespo

The Review of Austrian Economics, 2002, vol. 15, issue 4, 313-33

Abstract: This paper sustains that reappraising Austrian economics in the light of Aristotelian ideas is not only possible but also fruitful. First, I draw a sketch of the essential features of Austrian economics. Next, I argue about the necessity for a thorough analysis of the notion of freedom, and I analyze Mises' conception. Next, I expose Aristotle's social, epistemological and economic thought related to Austrian main traits. An account of how the exercise of Aristotelian virtues may be synergic with economic coordination and a sketch of the consequences of the proposal on the teaching of economics are then provided. Finally, the conclusion shortly sums up the content and relevance of Aristotle's contribution. Copyright 2002 by Kluwer Academic Publishers

Date: 2002
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