Austrian economics

Teil 1 von 2 Liberalismus und liberale Demokratie Wenn vom Liberalismus die Rede ist, herrscht eine so heillose Konfusion, daß es kaum noch möglich ist, diesen Begriff sinnvoll zu verwenden. Heute wird darunter ziemlich alles und sein Gegenteil verstanden, vor allem versteht man darunter sein Gegenteil, nämlich das Regime der sogenannten „liberalen Demokratie“. Diese sogenannte […]

  “Die Ordnung der Gesellschaft ist das Ergebnis menschlichen Handelns, nicht aber menschlichen Entwurfs”.  F.A. Hayek Not knowing the future is a dreadful bother. It creates all kinds of difficulties for financial economists. It does, however, make watching cricket matches more interesting. Lack of certainty about the future is, in fact, one of the primary […]

  The task of the economist is not merely, as in equilibrium theory, to examine the logical consistency of various modes of action, but to make human action intelligible, to let us understand the nature of the logical structure called “plans” to exhibit the successive modes of thought which give rise to successive modes of […]

Index numbers and choice: Haberler’s unseen bridge between Austrian Economics and Logical Empiricism Executive Summary This paper examines Gottfried Haberler’s early theoretical work on index numbers as a unique point of convergence between the Austrian School of Economics and the tradition of Logical Empiricism. While these schools are often seen as methodologically opposed – the […]

  The system of protection, as much as it forms the only means of placing those nations which are far behind in civilization on equal terms with the one predominating nation, appears to be the most efficient means of furthering the final union of nations, and hence also of promoting true freedom of trade. Friedrich […]