scholarly journals Austrian Economics and Organizational Entrepreneurship: A Typology

2020 ◽  
Vol 23 (3-4) ◽  
pp. 313-354 ◽  
Author(s):  
Sara Elias ◽  
Todd Chiles ◽  
Qian Li ◽  
Fernando D'Andrea
Keyword(s):  
Austrian Economic ◽  
Economic Thought ◽  
Austrian Economics ◽  
Organizational Research ◽  
Entrepreneurship Research ◽  
The Core ◽  
Making Sense ◽  
Core Concepts ◽  
History Of ◽  
Concepts Of Knowledge

This article develops a typology for making sense of the numerous strands of Austrian (and Austrian-related) economics and demonstrates how this typology can guide organizational entrepreneurship scholars wishing to ground their research in Austrian thought. In the process, not only are existing insights from the history of Austrian economic thought rediscovered, but clearer light is also shed on important perspectives from that tradition that have received less attention in entrepreneurship research. Based on the Austrian concept of entrepreneurial production and its relationship with the core concepts of knowledge and change, the typology yields four perspectives—equilibration, punctuated equilibrium, disequilibration, and punctuated disequilibrium. These perspectives’ different paradigms as used in organizational research are explored, along with their ontological, epistemological, and methodological assumptions. The typology is illustrated with selected empirical examples from organizational research to spotlight the types of questions that contemporary scholars may appropriately ask and answer from each perspective.

scholarly journals JHET Interviews: Karen Vaughn

2021 ◽  
Author(s):  
Bruce Caldwell
Keyword(s):  
New York ◽  
John Locke ◽  
Economic Thought ◽  
Austrian Economics ◽  
History Of Economics ◽  
Online Appendix ◽  
Economic Association ◽  
History Of ◽  
Austrian Tradition ◽  
Queens College

Karen Vaughn received her BA in economics from Queens College of the City Universi-ty of New York in 1966 and her PhD from Duke University in 1971. From 1978 to 2004 she taught at George Mason University. She attended some of the earliest meet-ings of the History of Economics Society (HES) and was the editor of the HES Bulletin, which was the precursor of the Journal of the History of Economic Thought. Professor Vaughn has served as the President of the History of Economics Society and the South-ern Economic Association, and was the founding President of the Society for the Ad-vancement of Austrian Economics. She has books on John Locke and on the Austrian tradition in economics, and numerous articles on a variety of topics in professional jour-nals (the list of her publications is available as an online appendix to this interview).

scholarly journals Paternalism and the Public Household

2021 ◽  
pp. 179-211
Author(s):  
Maxime Desmarais-Tremblay
Keyword(s):  
Economic Thought ◽  
The State ◽  
Public Expenditures ◽  
Ancient Greek ◽  
The Public ◽  
Making Sense ◽  
History Of ◽  
The Public Sphere ◽  
The 1960S ◽  
Public Economy

The ancient Greek conception of oikonomia is often dismissed as irrelevant for making sense of the contemporary economic world. In this paper, I emphasize a thread that runs through the history of economic thought connecting the oikos to modern public economics. By conceptualizing the public economy as a public household, Richard A. Musgrave (1910–2007) set foot in a long tradition of analogy between the practically oriented household and the state. Despite continuous references to the domestic model by major economists throughout the centuries, the analogy has clashed with liberal values associated with the public sphere since the eighteenth century. Musgrave’s conceptualization of public expenditures represents one episode of this continuing tension. His defense of merit goods, in particular, was rejected by many American economists in the 1960s because it was perceived as a paternalistic intervention by the state. I suggest that the accusation of paternalism should not come as a surprise once the “domestic” elements in Musgrave’s conceptualization of the public sector are highlighted. I develop three points of the analogy in Musgrave’s public household which echo recurring patterns of thought about the state.

scholarly journals From Karl Menger to Charles Menger? How Austrian economics (hardly) spread in France

2018 ◽  
Vol 4 (1) ◽  
pp. 8-30
Author(s):  
Gilles Campagnolo
Keyword(s):  
Political Economy ◽  
Cold War ◽  
Interwar Period ◽  
Austrian Economic ◽  
Vienna Circle ◽  
Economic Thought ◽  
Austrian Economics ◽  
Austrian School ◽  
Classical Political Economy ◽  
Carl Menger

The father of the “Austrian” Marginalist revolution and founder of the so-called “Austrian School of economics”, Carl Menger, had a mixed reception during different periods of development of French economics. Somewhat welcomed in the early days, he was rather forgotten later on. Even his major works were not published in translation until recently. What is the reason for such a situation? Criticisms of classical political economy have to be understood in their French context. In comparison to other countries, this paper details the case of France, besides showing how later Austrians, such as Friedrich Hayek, found a limited audience. This comparative study of economic ideas in France must start with the reception of the views of the founder and the role and impact of adopting/adapting or rejecting his views by French scholars. What place did they find in French academia? From Carl Menger to a “Frenchified” Charles Menger, how was Austrian economic thought disseminated in France? This essay starts by recalling the Belle-Époque and an astonishing letter by Charles Rist for the Jubiläum of Menger, in which he deplored the lack of translation of the latter’s works. The Austrian School in France is then discussed as pure economics replaces political economy in the Interwar period, with the 1938 Paris Congress of “liberal thinkers,” as the Vienna Circle became known, also comparing issues in philosophy. The paper considers how Austrian theories of “pure science” were received in Paris from the Vienna of the 1900s, at a time of ”Crossroads,” to the present day, through the Postwar and Cold War, until a revival since the 1990s and a rethinking of economic ideas after 2008.

Rothbard's Austrian Perspective: A Review Article

1995 ◽  
Vol 17 (2) ◽  
pp. 316-328
Author(s):  
Paul B. Trescott
Keyword(s):  
Karl Marx ◽  
Review Article ◽  
Economic Thought ◽  
Austrian Economics ◽  
History Of Economic Thought ◽  
Economic Organization ◽  
Untimely Death ◽  
Significant Element ◽  
Economics Profession ◽  
History Of

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.

Why does the history of economic thought neglect Post-Keynesian economics?

2020 ◽  
Vol 8 (1) ◽  
pp. 119-137
Author(s):  
Danielle Guizzo
Keyword(s):  
Global Financial Crisis ◽  
Economic Thought ◽  
Austrian Economics ◽  
History Of Economic Thought ◽  
History Of Economics ◽  
Keynesian Economics ◽  
History Of ◽  
Main Factors ◽  
The Global Financial Crisis ◽  
New Research

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.

The Political Economy of Intellectual Property

2010 ◽  
Author(s):  
Debora Halbert ◽  
Ashley Lukens
Keyword(s):  
Intellectual Property ◽  
Developed Countries ◽  
World Intellectual Property Organization ◽  
Business Professionals ◽  
State Culture ◽  
The Core ◽  
Legal Regimes ◽  
Core Concepts ◽  
History Of ◽  
Access To Knowledge

Intellectual property rights (IPRs) encompass several different legal regimes—such as patents, copyrights, trademarks, and “sui generis” protections—developed to protect intangible assets associated with ideas, expressions, and inventions, which are included under the broad umbrella term of “intellectual property” (IP). However, the evolution of these legal regimes has always been fraught with tension. Those desiring access to knowledge without restrictive property barriers resisted the expansion of IPRs, which means that the history of IP is entangled in development efforts. As member countries of the United Nations sought to fully extend IP protection around the globe, the World Intellectual Property Organization (WIPO) was created, central to which was the debate over the scope of international IP and demands by the less developed countries for less restrictive IPRs. However, it is the Trade Related Aspects of Intellectual Property Agreement (TRIPS) that has become the most powerful arbiter of IP rights. Meanwhile, the main debates and the specific political battles surrounding IPRs include, but are not limited to, biotechnology, biopiracy, copyright piracy, file sharing, traditional knowledge, access to knowledge, and access to medicine. Ultimately, the literature on international IP has evolved considerably, becoming increasingly relevant to more than legal scholars and business professionals. Nevertheless, additional research is needed in theorizing about the core concepts of IP; the complex role between nationalism, the state, culture, and IPRs; and the search for alternatives to IP.

1 Introduction to the Colombian Constitution of 1991 and the Constitutional Court

2017 ◽  
Author(s):  
Espinosa Manuel José Cepeda ◽  
Landau David
Keyword(s):  
Social Context ◽  
Judicial Review ◽  
Constitutional Court ◽  
Constitutional Convention ◽  
The Core ◽  
Core Concepts ◽  
History Of ◽  
The Creation ◽  
Dominant Theory ◽  
Core Features

This chapter gives background to the reader regarding the creation of the Colombian Constitution of 1991 and the Colombian Constitutional Court. It covers the history of judicial review in Colombia before 1991, the debates regarding the creation of the Constitutional Court at the 1991 Constitutional Convention, and the core features of the 1991 Colombian Constitution. It also explains the organization and powers of the Court, its dominant theory of interpretation, and the evolving judicial role in the Colombian political and social context. The information in this chapter is essential for the reader to understand core concepts and context for the cases explored in the rest of the volume.

The Problem of Rationality

2015 ◽  
pp. 363-392
Author(s):  
Mario J. Rizzo
Keyword(s):  
Nineteenth Century ◽  
Twentieth Century ◽  
Behavioral Economics ◽  
Economic Thought ◽  
Austrian Economics ◽  
History Of Economic Thought ◽  
Early Twentieth Century ◽  
History Of ◽  
The 1950S ◽  
Friedrich Hayek

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.

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