Israel M. Kirzner. The Driving Force of the Market: Essays in Austrian Economics. New York:Routledge, 2000. xii + 295 pp. ISBN 0-415-22823-9, $100.00. - David Colander, ed. Complexity and the History of Economic Thought. New York:Routledge, 2000. xii + 249 pp. ISBN 0-415-13356-4, $90.00.

2001 ◽  
Vol 2 (3) ◽  
pp. 576-578
Author(s):  
Ben Fine
1995 ◽  
Vol 17 (2) ◽  
pp. 316-328
Author(s):  
Paul B. Trescott

Murray Rothbard's untimely death has deprived the economics profession of one of its most colorful, iconoclastic and therapeutic personalities. He helped to inspire a legion of dedicated followers to make Austrian economics a significant element in the intellectual and moral spectrum of economics. The Austrians never wavered in their criticism of Soviet-style economic organization, correctly arguing that such systems were working badly. Even so, can a sub-set of economists who eschew mathematics and econometrics win respect from the mainstream? The volumes under review (Rothbard 1995) certainly make a valiant effort in that direction. Rothbard's survey of economic thought extends from “the beginning” to Karl Marx and C. F. Bastiat. Occasional references indicate more was intended. Rothbard is critical of the “Great Man” focus of much of mainstream history of economic thought, and even more critical of the “Whig interpretation,” which sees the evolution of economic thought as progress toward the current near-perfect ideas and practices of our leading graduate schools.


2020 ◽  
Vol 8 (1) ◽  
pp. 119-137
Author(s):  
Danielle Guizzo

Despite receiving increased interest after the global financial crisis of 2007–2008 and consolidating itself as an established research program, Post-Keynesian economics remains under-represented within publications on the history of economics. When compared to other traditional heterodox approaches such as Marxist, Institutionalist, and Austrian economics, Post-Keynesian economics falls behind considerably, contradicting the Post-Keynesian appreciation for the history of the discipline. This article explores some reasons behind this detachment by considering two main factors: first, the recent disciplinary and institutional changes experienced by the history of economics in the last ten years; and, second, the recent ‘maturing state’ of Post-Keynesian economics and its unique treatment of the history of economic thought. The article concludes by suggesting a new research agenda for Post-Keynesianism, making use of the ‘applied’ turn proposed by the recent history of economic thought as one of the strategies for Post-Keynesians to engage with the economics discipline.


Author(s):  
Mario J. Rizzo

This chapter draws on the history of economic thought to elucidate the foundations of the Austrian economics conception of rationality. First, it shows how Austrian subjectivism was originally differentiated from nineteenth-century and early-twentieth-century psychologically based economics. Then it shows how the Austrians differentiated themselves from the behaviorist approach that began to affect economics as early as the 1910s but mainly from the 1920s to the 1950s. Finally, drawing on the work of Friedrich Hayek and Alfred Schutz, it shows that the Austrian conception of rationality is not based on introspection and illustrates the differences between an Austrian approach and that of today’s new behavioral economics.


2018 ◽  
Vol 41 ◽  
Author(s):  
Peter DeScioli

AbstractThe target article by Boyer & Petersen (B&P) contributes a vital message: that people have folk economic theories that shape their thoughts and behavior in the marketplace. This message is all the more important because, in the history of economic thought, Homo economicus was increasingly stripped of mental capacities. Intuitive theories can help restore the mind of Homo economicus.


2019 ◽  
pp. 135-145
Author(s):  
Viktor A. Popov

Deep comprehension of the advanced economic theory, the talent of lecturer enforced by the outstanding working ability forwarded Vladimir Geleznoff scarcely at the end of his thirties to prepare the publication of “The essays of the political economy” (1898). The subsequent publishing success (8 editions in Russia, the 1918­-year edition in Germany) sufficiently demonstrates that Geleznoff well succeded in meeting the intellectual inquiry of the cross­road epoch of the Russian history and by that taking the worthful place in the history of economic thought in Russia. Being an acknowledged historian of science V. Geleznoff was the first and up to now one of the few to demonstrate the worldwide community of economists the theoretically saturated view of Russian economic thought in its most fruitful period (end of XIX — first quarter of XX century).


2007 ◽  
pp. 73-85 ◽  
Author(s):  
R. Nureev

The article provides a description of T. Veblen’s views, showing his place in the history of economic thought. The author analyzes the context of Veblen’s life and work and considers different aspects of his theoretical legacy. Special attention is paid to the discussion of Veblen’s role in the development of institutional economics. The author describes in detail the main trends in the development of institutionalism after Veblen.


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