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The Economics Of Ignorance And Coordination

Subjectivism and the Austrian School of Economics

Thierry Aimar

Thierry Aimar, Assistant Professor of Economics, Sciences Po Paris, University of Nancy 2, the Paris 1 Panthéon-Sorbonne and ESSEC Business School Paris, France

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Series: New Thinking in Political Economy series



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Description
This book clarifies the specific nature of the Austrian theory and restores the unity and open-mindedness of the Austrian school in general. The intention is not to offer a collection of different or parallel ideas, but rather to retrace, from a pedagogical and constructive perspective, the various stages of the construction of a well-founded theoretical edifice: from Ludwig von Mises to Murray Rothbard, from Friedrich Hayek to Israel M. Kirzner and from Lachmann to Lavoie. The book is a reconstitution of the way Austrian ideas and concepts organize themselves in a common structure.

Contents
Contents: Part I: Foundations Introduction 1. Mises and the Austrian Tradition 2. Praxeology, Axiomatic System of Economics 3. Action and Interpersonal Exchanges: The Limits of the A Priori Approach Part II: Catallaxy, A Response to Ignorance 4. Market Formation 5. A World of Discovery 6. Tendency Towards Equilibrium Part III: Applications and Debates 7. The Debate on Collectivism 8. Austrian Theory of the Business Cycle 9. Welfare Economics: Workable Definitions Appendix: Schumpeter and the Austrian Tradition General Conclusion Bibliography Index