Subjectivism and economic analysis : essays in memory of Ludwig M. Lachmann / / edited by Roger Koppl and Gary Mongiovi

• Record Nr.: UNINA9910799999803321
• Pubbl/distr/stampa: London ; ; New York : , : Routledge, , 1998
• ISBN: 0-429-23110-5; 1-280-32251-9; 0-585-44879-5; 9786610322510; 0-203-41081-5
• Descrizione fisica: 1 online resource (219 p.)
• Collana: Routledge frontiers of political economy ; ; 21
• Altri autori (Persone): LachmannLudwig M; KopplRoger <1957->; MongioviGary
• Disciplina: 330
• Soggetti: Economics; Economics - Methodology; Economics - History - 20th century
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: Description based upon print version of record.
• Nota di bibliografia: Includes bibliographical references and index.
• Nota di contenuto: Cover; SUBJECTIVISM AND ECONOMIC ANALYSIS; Title Page; Copyright Page; Table of Contents; Contributors; 1 Introduction; Acknowledgements; References; 2 Ludwig M.Lachmann: subjectivism in economics and the economy; Methodology; Marshall and equilibrium; Catallactics; Human action; Capital and capabilities; Co-ordination; Conclusion; References; 3 Mises and Lachmann on human action; Mises and Lachmann on history and economics; Mises and the a priori; The problem of future intentions; Lachmann on human action; Conclusion; Notes; References; 4 Lachmann on the subjectivism of active minds; IntroductionThe Lachmann problem; Ludwig von Mises and the Lachmann problem; J.M.Keynes and the Lachmann problem; Alfred Schutz and the Lachmann problem; F.A.Hayek and the Lachmann problem; Conclusion; Acknowledgements; Notes; References; 5 Subjectivism and ideal types: Lachmann and the methodological legacy of Max Weber; Introduction; Subjectivism; Ideal types; Conclusion; ; Notes; References; 6 Endogenous change, open systems and provisional equilibrium; Introduction; The nature of change; Hahn's notion of equilibrium; Models of provisional equilibrium; An open-system approach; Four regimes of growth Conclusion; Acknowledgements; Notes; References; 7 Radical subjectivism and Austrian economics; Introduction; Rational ignorance; Economic order and economic institutions; Concluding remarks; Acknowledgements; Notes; References; 8 Hierarchical metaphors in Austrian institutionalism: a friendly subjectivist caveat; Austrian institutionalism; Subjectivism and the institutional order; Parallels between Austrian theories of institutions and capital; Banking and the law: an illustration; Conclusion; Notes; References; 9 Lachmann's policy activism: an Austrian critique of Keynesian proclivities Introduction; Understanding the capital-using economy; Lachmann on the price system and the trade cycle; Lachmannian stabilisation policy; Conclusion; Notes; References; 10 Expectations and stock market prices; Expectations; Divergent expectations and equity prices; Diverse opinion and equity prices; Conclusion; Notes; References; Index
• Sommario/riassunto: Subjectivism plays a fundamental role in many of the leading alternative schools in economics. This work explores major methodological issues in the area of radical subjectivism and includes contributions from Jorg Bibow, Peter Boettke, Maurizio Caserta, Steven Horwitz, Brian J. Loasby, Steven Parsons, Steve Sullivan and Carlo Zappia.