The Present Situation in the USA, Austrian Economics in the Twenty-First Century

Peter J. Boettke ()
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Peter J. Boettke: George Mason University

A chapter in The Austrian School of Economics in the 21st Century, 2022, pp 45-65 from Springer

Abstract: Abstract The basic teachings of the Austrian School of Economics and the refinements made over the past 150 years set the stage for a progressive research program in the social sciences and humanities in the twenty-first century. This progressive research program must be grounded in the subjectivism of value, cost, expectations, and knowledge. And thus it must be an economics that places a priority on meaning, that pursues a proper understanding of methodological individualism and the necessary study of choice against constraints, and that develops a process analysis which studies economic forces played out against a context of political, legal, and social institutions. This chapter will highlight the intellectual history of the Austrian School of Economics, the rich variation that exists within the field, and provides a roadmap for future research endeavors.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:conchp:978-3-031-08502-4_3

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DOI: 10.1007/978-3-031-08502-4_3

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