How should an Austrian economist teach the theory of the firm? Do the equi-marginal conditions still apply?

Peter Lewin ()
Additional contact information
Peter Lewin: University of Texas at Dallas

The Review of Austrian Economics, 2023, vol. 36, issue 1, No 5, 89 pages

Abstract: Abstract The static model of the theory of the firm continues to be taught in economics courses in spite of its dubious relevance to how real world firms actually operate. This detracts from student interest in economics. This article explores a strategy for remedying that.

Keywords: Firm; Austrian economics; Innovation; Uncertainty; Teaching; The firm (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s11138-020-00540-7 Abstract (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kap:revaec:v:36:y:2023:i:1:d:10.1007_s11138-020-00540-7

Ordering information: This journal article can be ordered from
http://www.springer. ... ce/journal/11138/PS2

DOI: 10.1007/s11138-020-00540-7

Access Statistics for this article

The Review of Austrian Economics is currently edited by Peter Boettke and Christopher Coyne

More articles in The Review of Austrian Economics from Springer, Society for the Development of Austrian Economics Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().