publication . Preprint . 2009

“What is so Austrian about Austrian Economics?”

David Colander;
Open Access
  • Published: 01 Aug 2009
Abstract
Modern mainstream economics is a plurocracy in which there is no orthodoxy of ideas, only an orthodoxy of method. Given the training it provides its students, mainstream economic’s natural domain is science. With the mainstream’s acceptance of complexity views of the economy, Austrian economist’s views can now get a hearing within the mainstream. Thus, within the science of economics, there is no need for a separate Austrian economics. However, there is a need for Austrian economics in political economy, that branch of economics that takes the insights of science and relates them to policy. The paper urges Austrian economics to embrace political economy as its d...

Chari, V.V. and Patrick Kehoe. (2006) “Modern Macroeconomics in Practice: How Theory is Shaping Policy.” Journal of Economic Perspectives. Winter.

Colander, D. (1998) “Beyond New Keynesian Economics: Post Walrasian Economics” in New Keynesian Economics Post Keynesian Alternatives (Roy Rotheim, ed.): Edward Elgar, 1998.

Colander, D. (2000) “The Death of Neoclassical Economics” Journal of the History of Economic Thought, June.

Colander, D. (2003) “Post Walrasian Macroeconomics and Heterodoxy: Thinking Outside the Heterodox Box,” International Journal of Political Economy, 33(2): 68- 81. [OpenAIRE]

Colander, D. (2005) “Economics as an Ideologically Challenged Science,” Revue de Philosophie Economique, 1: 3-24

Colander, D. (2007) The Making of an Economist Redux, Princeton, NJ, and Oxford, UK: Princeton University Press.

Colander, D. (2008) “How Did Macro Theory Get So Far off Track, and what Can Heterodox Macroeconomists Do to Get it Back On Track?” Middlebury College Working Paper.

Colander, D., Holt, R., and Rosser, Jr., B. (2004) The Changing Face of Economics: Conversations with Cutting Edge Economists, Ann Arbor: University of Michigan Press. [OpenAIRE]

Hayek, Frederick. (1952) The Sensory Order. University of Chicago Press. Chicago.

Koppl, Roger. (2006) “Austrian Economics at the Cutting Edge” The Review of Austrian Economics. 19:4 December 231-241. [OpenAIRE]

Robbins, Lionel. (1932) An Essay on The Nature and Significance of Economic Science. London: Macmillan.

Robbins, Lionel. (1981) “Economics and Political Economy” American Economic Review. May. 1-10.

Velupillai, K. Vela. (2008) “Taming the Incomputable, Reconstructing the Nonconstructive and Deciding the Undecidable in Mathematical Economics.” Mimeo.

Wolfram, Stephen. (2002) A New Kind of Science. Wolfram Media, Champaign, Illinois.

Powered by OpenAIRE Open Research Graph
Any information missing or wrong?Report an Issue