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On the Nature of Economic Laws: Carl Menger and Léon Walras [Natura legilor economice în concepţia economiştilor Carl Menger şi Léon Walras]

Ionela Bălţătescu

Revista OEconomica, 2015, issue 03

Abstract: The purpose of the present paper is to emphasize, on the basis of a comparative study, the differences between Neoclassical School of economics and Austrian School’s approaches regarding the nature of economic laws – especially the differences between Carl Menger and Léon Walras’s conceptions. Their ideas depend largely on how each of them conceive the role and purpose of economic science.

Keywords: nature of economic laws; Neoclassical School of economics; Austrian School of economics; Carl Menger; Léon Walras; human action (search for similar items in EconPapers)
JEL-codes: B00 B13 B40 B53 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:oen:econom:y:2015:i:03:id:440

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