The Revival of Modern Austrian Economics: A Critical Assessment of Its Subjectivist Origins

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9781858985404: The Revival of Modern Austrian Economics: A Critical Assessment of Its Subjectivist Origins

Oakley (economics, U. of Newcastle, Australia) critically assesses the subjectivist metatheoretical origins of the revival of modern Austrian economics, and analyzes the contribution to subjectivist philosophy made by the founders of the neo-Austrian revival. He argues that while von Mises and von Hayek each confronted mainstream microeconomics with restricted subjectivist alternatives, Lachmann called for a more comprehensive range of subjectivist principles. He concludes that though all three made major contributions in the 1970s, the task of applying the tenets of a complete subjectivism awaits another generation of economists. Annotation c. Book News, Inc., Portland, OR (booknews.com)

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About the Author:

Allen Oakley, former Associate Professor of Economics, The University of Newcastle, Australia

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I find this book both useful and important... This book lays the groundwork for further debate. -- – Karen Vaughn, Economic Record

[Oakley's] knowledge of the relevant primary and secondary literature is unimpeachable...contains summaries of an amazingly large amount of Hayek’s work. -- – Bruce Caldwell, Journal of the History of Economic Thought

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Book Description Edward Elgar Publishing Ltd, United Kingdom, 1999. Hardback. Book Condition: New. Language: English . Brand New Book. This insightful book critically assesses the subjectivist metatheoretical origins of the revival of modern Austrian economics. It examines the ideas of the main contributors to the Austrian school, including von Mises, von Hayek and Lachmann. Allen Oakley analyses the contribution to subjectivist philosophy made by the key founders of the neo-Austrian revival. He argues that while von Mises and von Hayek each confronted mainstream microeconomics with restricted subjectivist alternatives, Lachmann played the `devil s advocate for a more comprehensive range of subjectivist principles. The author finds that ultimately, although all three provided analyses that reached well beyond the confines of neoclassical economics, none fully applied the tenets of a complete subjectivism. Their contributions to the 1970s revival of interest in Austrian themes, and their legacies for neo-Austrian schools of thought, have thus left a great need for further methodological development if economics as a human science is to be reconstructed on subjectivist foundations. The Revival of Modern Austrian Economics will be of central interest to students and scholars of Austrian economics and to historians of economic thought and methodology more generally. Bookseller Inventory # AAJ9781858985404

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Book Description Edward Elgar Publishing Ltd, United Kingdom, 1999. Hardback. Book Condition: New. Language: English . Brand New Book. This insightful book critically assesses the subjectivist metatheoretical origins of the revival of modern Austrian economics. It examines the ideas of the main contributors to the Austrian school, including von Mises, von Hayek and Lachmann. Allen Oakley analyses the contribution to subjectivist philosophy made by the key founders of the neo-Austrian revival. He argues that while von Mises and von Hayek each confronted mainstream microeconomics with restricted subjectivist alternatives, Lachmann played the `devil s advocate for a more comprehensive range of subjectivist principles. The author finds that ultimately, although all three provided analyses that reached well beyond the confines of neoclassical economics, none fully applied the tenets of a complete subjectivism. Their contributions to the 1970s revival of interest in Austrian themes, and their legacies for neo-Austrian schools of thought, have thus left a great need for further methodological development if economics as a human science is to be reconstructed on subjectivist foundations. The Revival of Modern Austrian Economics will be of central interest to students and scholars of Austrian economics and to historians of economic thought and methodology more generally. Bookseller Inventory # AAJ9781858985404

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Book Description Edward Elgar Publishing Ltd, United Kingdom, 1999. Hardback. Book Condition: New. Language: English . This book usually ship within 10-15 business days and we will endeavor to dispatch orders quicker than this where possible. Brand New Book. This insightful book critically assesses the subjectivist metatheoretical origins of the revival of modern Austrian economics. It examines the ideas of the main contributors to the Austrian school, including von Mises, von Hayek and Lachmann. Allen Oakley analyses the contribution to subjectivist philosophy made by the key founders of the neo-Austrian revival. He argues that while von Mises and von Hayek each confronted mainstream microeconomics with restricted subjectivist alternatives, Lachmann played the `devil s advocate for a more comprehensive range of subjectivist principles. The author finds that ultimately, although all three provided analyses that reached well beyond the confines of neoclassical economics, none fully applied the tenets of a complete subjectivism. Their contributions to the 1970s revival of interest in Austrian themes, and their legacies for neo-Austrian schools of thought, have thus left a great need for further methodological development if economics as a human science is to be reconstructed on subjectivist foundations. The Revival of Modern Austrian Economics will be of central interest to students and scholars of Austrian economics and to historians of economic thought and methodology more generally. Bookseller Inventory # BTE9781858985404

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