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Microfoundations and Macroeconomics: An Austrian Perspective
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In this paper, the missing link of capital theory as microfoundations is identified, and the macroeconomics of monetary disequilibrium are discussed, including monetary policy, monetary regimes, and monetary equilibrium.Abstract:
Part I: Introduction 1: Introduction: Is there an Austrian Macroeconomics? Part II: Market Process and Microeconomics 2: Prices, Knowledge and Economic Order 3: The Missing Link: Capital Theory as Microfoundations Part III: The Macroeconomics of Monetary Disequilibrium 4: Monetary Equilibrium as an Analytical Framework 5: Inflation, the Market Process, and Social Order 6: Monetary Equilibrium Theory and Deflation 7: W.H.Hutt on Price Rigidities and Macroeconomic Disorder Part IV: Policy Implications and Conclusions 8: Monetary Policy, Monetary Regimes, and Monetary Disequilibria 9: Conclusions: Microfoundations and Macroeconomicsread more
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Foundations of Entrepreneurship and Economic Development
TL;DR: The Theory of Entrepreneurial Discovery as mentioned in this paper is one of the most popular theories for entrepreneurial discovery, and it can be seen as an indicator of entrepreneurial alertness and alertness.
Modern macroeconomics : its origins, development and currentstate
Brian Snowdon,Howard R. Vane +1 more
TL;DR: More than a decade after the publication of the critically acclaimed A Modern Guide to Macroeconomics, Brian Snowdon and Howard Vane have produced a worthy successor in the form of Modern MacroEconomics as discussed by the authors.
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Reconciling Corporate Citizenship and Competitive Strategy: Insights from Economic Theory.
TL;DR: In this article, the authors argue that the Austrian/evolutionary economic model can embrace alternative views of strategy, such as the activities or dynamic capabilities views, which align more easily with corporate social responsibility, because social engagement facilitates the learning and adaptation that are a source of competitive advantage.
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Austrian Cycle Theory: Saving the Wheat while Discarding the Chaff
TL;DR: The Austrian theory of the business cycle was articulated originally by Mises (1912), with significant subsequent elaboration by Hayek (1935) as mentioned in this paper, and the Austrian insights have experienced no renaissance within the universe of macro theorizing.
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Austrian economics at the cutting edge
TL;DR: The Austrian school is also an example of BRICE economics as mentioned in this paper, which is an emerging new orthodoxy in economics, including bounded rationality, rule following, institutions, cognition, and evolution.
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The use of knowledge in society
TL;DR: In this paper, it was pointed out that many of the current disputes with regard to both economic theory and economic policy have their common origin, it seems to me, in a misconception about the nature of the economic problem of society.
Book
Welfare Economics and Externalities In An Open Ended Universe: A Modern Austrian Perspective
TL;DR: In this paper, the Austrian critique of catallactic efficiency and its application in the economics of tort liability has been discussed in an open-ended setting, with a focus on the Austrian view of externalities and social efficiency.
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The significance of monetary disequilibrium
Leland B. Yeager,Rival Theories +1 more
TL;DR: Barro and Hercovitz as discussed by the authors pointed out that the dependence of some major conclusions on incomplete contemporaneous knowledge of monetary aggregates, which would presumably be observed cheaply and rapidly if such information were important, is a weakness of the equilibrium approach.