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Austrian School Identity and Unavoidable Trade-offs in its Long-term Progress

Josef Šíma

A chapter in Assessing Austrian Economics, 2019, vol. 24, pp 61-68 from Emerald Publishing Ltd

Abstract: Abstract The chapter argues that, for the long-term successful survival of the Austrian School as a distinct school of thought, the work on the theory must not be sacrificed in the name of short-term success in producing applied pieces of scholarship and of communicating with the mainstream. Advances in modern work in pure theory and methodology provide a necessary glue connecting individual pieces of applied research – and the debates about boundaries of the school contribute toward the reappraisal of Austrian School identity.

Keywords: Austrian School; pure theory; analytic narrative; economic method; applied research; scientific progress (search for similar items in EconPapers)
Date: 2019
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