Why Austrian Economists Can't Get No Respect: It Is Political

• Autorzy: Frank Tipler , Walter E. Block
• Języki publikacji: EN

Abstrakty

EN

Austrians are the Rodney Dangerfields of economics. We can't get no respect. Why not? On an intellectual level, our adherence for the necessary a posteriori (often termed synthetic a priori) is strongly off putting to the majority of this profession, who are in thrall to logical positivism, which adamantly rejects this type of claim. There are also divergences as regards the causes and cures for the business cycle, anti-trust, market failures such as public goods, externalities and utility. From an economic self-interest level, were this praxeological school ever to take root within the dismal science, thousands of jobs would be lost and salaries would be greatly lowered. It may be that for both of these reasons, Austrianism is deemed a "cult". We argue that Austrian economics is far more based on modern mathematics and physics than is mainstream economics. (original abstract)

Słowa kluczowe

EN

Praxeology; Austrian School

PL

Prakseologia; Austriacka szkoła ekonomii

• Czasopismo: Polish Journal of Political Science
• Rocznik: 2023
• Tom: 9
• Numer: nr 3
• Strony: 14--29

Twórcy

autor

Frank Tipler

• Tulane University New Orleans

autor

Walter E. Block

• Loyola University New Orleans

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Identyfikatory

DOI

10.58183/pjps.03032023