L’école autrichienne contemporaine: un bref panorama

Christel Vivel ()
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Christel Vivel: UR CONFLUENCE : Sciences et Humanités (EA 1598) - UCLy - UCLy (Lyon Catholic University), ESDES - ESDES, Lyon Business School - UCLy - UCLy - UCLy (Lyon Catholic University)

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Abstract: The Austrian School of Economics is recognized for its price theory, capital theories and representation of money and business cycles. Its conception of entrepreneurship is less known. The analysis of entrepreneurship was initiated by the founding fathers but has been developed and more systematically theorized by the pupils of Mises and Hayek after their emigration and settlement in the United States of America. Three authors take over Austrian economics on the American soil: Murray Rothbard, Israël Kirzner and Ludwig Lachmann. Analyzing the economy of this time through the prism of the teachings of Austrian Economics, they came back on the calculation debate and propose a market process analysis of economics. Moreover, they underline the role of uncertainty, the entrepreneur and subjectivity. In this way they opened a new path for the study of entrepreneurship and management theories focusing on the discovery of profit opportunity and the process of entrepreneurship. The present paper aims to present the third generation of the Austrian School of Economics and highlights the fundamentals principles of the contemporary Austrian Economics.

Keywords: market process; history of economic thought; histoire de la pensée économique; processus de marché (search for similar items in EconPapers)
Date: 2020-10
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Published in Austriaca : Cahiers universitaires d'information sur l'Autriche, 2020, 90, pp.197-214. ⟨10.4000/austriaca.1420⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-05166867

DOI: 10.4000/austriaca.1420

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