A model of Austrian economics (repost)
A model of Austrian economics by Hendrik Hagedorn
English | 2014 | ISBN: 3658070765 | PDF | 104 pages | 2,6 MB
English | 2014 | ISBN: 3658070765 | PDF | 104 pages | 2,6 MB
After the most recent financial crisis it has become clear that there exists a crisis also in economics as a science. The prevailing paradigms have failed to anticipate and to understand the financial crisis. New approaches are therefore needed. Of particular interest should be approaches that combine insights from those parts of economics that are largely neglected by the mainstream. Hendrik Hagedorn presents a model that synthesizes elements of Austrian, post-Keynesian, and evolutionary economics. Thus, an economic paradigm is developed that challenges neoclassical economics as a whole.