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on History and Philosophy of Economics |
| By: | Burr, Wolfgang |
| Abstract: | Ludwig von Mises ist allgemein anerkannt unter seinen Schülern und Anhängern als Ökonom, der sich mit den grundlegenden Fragen seiner Zeit, z. B. der Wahl eines Wirtschaftssystems (Sozialismus oder Liberalismus), Grenzen des staatlichen Interventionismus, Geldtheorie und monetären Erklärungen des Konjunkturzyklus befasste. Mises hat auch methodologische und erkenntnistheoretische Arbeiten verfasst und versucht, einen eigenständigen methodologischen Ansatz, den er "Praxeologie" nannte, zu entwickeln. Seine inhaltlichen und methodologischen Positionen wurden und werden bis heute in der Volkswirtschaftslehre kontrovers diskutiert. Weitgehend unbekannt ist, dass von Mises auch eine inhaltliche Nähe zur Betriebswirtschaftslehre aufwies, die für einen Vertreter der Österreichischen Schule der Nationalökonomie bemerkenswert war. Der vorliegende Beitrag legt dar, worin diese Berührungspunkte von Mises mit der Unternehmenspraxis und der Betriebswirtschaftslehre bestanden. |
| Abstract: | Ludwig von Mises is well known among his scholars and admirers as an economist dealing with fundamental questions and central problems of his time, e. g. choice of an efficient economic system for the economy as a whole (socialism, liberalism), problems and pitfalls of state regulation of private enterprise, monetary theory and monetary policy and business cycles caused by credit expansion and resulting interest reduction. Mises also published methodological and epistemological papers. He created a methodological system which he called "praxeology". Mises' research results concerning socialism, liberalism and state interventionism and his methodological positions are controversely discussed and often rejected in economics until today. Widely unknown is that von Mises had research topics and methodological ideas which are of great relevance to business administration. Mises' closeness to business administration is remarkable for a member of the Austrian School of Economics. This paper shows which points of common interest the work of Ludwig von Mises has with business administration. |
| Keywords: | Ludwig von Mises, Eugen Schmalenbach, Praxeologie, Produktion, Innovation, Rechnungswesen, Österreichische Schule, Betriebswirtschaftslehre |
| Date: | 2024 |
| URL: | https://d.repec.org/n?u=RePEc:zbw:stuist:323953 |
| By: | Pies, Ingo |
| Abstract: | Dieser Beitrag stellt das ordonomische Forschungsprogramm vor und erläutert seine methodologischen Wurzeln. Gezeigt wird, wie sich eine deutschsprachige Traditionslinie von der Ordnungsökonomik über die Ordnungsethik bis hin zur Ordonomik entwickelt hat. Die Ordonomik integriert zentrale Ideen ihrer Vorläufer zu einer Theorie gesellschaftlicher Lernprozesse, die Institutionen und Ideen als Schlüsselgrößen betrachtet. Durch ein Drei-Ebenen-Modell werden Zusammenhänge zwischen Regelbefolgung, Regelsetzung und Regelfindung analysiert. Ziel ist eine funktionale Indienstnahme systemischer Sachzwänge zur Verwirklichung moralischer Anliegen. Fallstudien demonstrieren praktische Anwendungen der ordonomischen Institutionen- und Ideen-Ethik. |
| Abstract: | This article introduces the ordonomic research program and explains its methodological roots. It shows how a German-speaking line of tradition has developed from order economics (Ordnungsökonomik) through order ethics (Ordnungsethik) to ordonomics (Ordonomik). Ordonomics integrates central ideas of its predecessors into a theory of societal learning processes, which regards institutions and ideas as key variables. Using a three-level model, the connections between rule-following, rule-setting, and rule-finding are analyzed. The aim is a functional utilization of systemic constraints for the realization of moral desiderata. Case studies demonstrate practical applications of the ordonomic approach to institutional and ideational ethics. |
| Keywords: | Ordnungsökonomik, Ordnungsethik, Ordonomik, Moralparadoxon der Moderne, gesellschaftliche Lernprozesse, Institutionenethik, Ideenethik, Ordnungsverantwortung, Moral als Produktionsfaktor, Monstrositäts-Imagination, verordnete Schizophrenie, order economics, order ethics, ordonomics, moral paradox of modernity, societal learning processes, institutional ethics, ideational ethics, ordo responsibility, moralcommitments as a factor of production, monstrosity imagination, mandated schizophrenia |
| Date: | 2025 |
| URL: | https://d.repec.org/n?u=RePEc:zbw:mlucee:323214 |
| By: | Davis, John B. (Department of Economics Marquette University); (Department of Economics Marquette University) |
| Abstract: | Compares the mainstream and Institutional and evolutionary economics views of individual and collective behavior. Describes the methodological assumptions for each. Distinguishes the two opposed approaches conceptions of time they employ. Explains the role social identity applies in explaining two opposed approaches adopt different conceptions of time. Closes with an explanatory dilemma the subject creates. |
| Keywords: | individual behavior, collective behavior, mainstream econonmics, Institutional and evolutionary economics |
| JEL: | B31 B41 B52 |
| Date: | 2025–08 |
| URL: | https://d.repec.org/n?u=RePEc:mrq:wpaper:2025-04 |
| By: | Henrekson, Magnus (Research Institute of Industrial Economics (IFN)); Jonung, Lars (Department of Economics, Lund University); Lundahl, Mats (Development Economics, Stockholm School of Economics) |
| Abstract: | We explore the challenges facing the current academic training of economists in small European countries like Sweden. The monolithic focus on publishing in the top-five journals, which prioritizes methodological rigor over problem-driven research, is often a threat to social relevance and policy applicability. This limits pluralism, excludes many talented economists, and fails to prepare graduates for non-academic positions. We propose a two-track model for PhD training and academic evaluation, emphasizing both traditional research and applied economic policy, tailored to the diverse needs of academia, public administration and business sectors. We also argue for broader evaluation criteria, enhanced interdisciplinary collaboration, and institutional reforms, including trial lectures and specialized research institutes. By diversifying incentives, we recommend a shift towards socially relevant and more inclusive education and practice in the discipline of economics. |
| Keywords: | Criteria for hiring and promotion; European economics; Pluralism; Research productivity |
| JEL: | A11 A14 I23 J44 J62 |
| Date: | 2025–08–11 |
| URL: | https://d.repec.org/n?u=RePEc:hhs:iuiwop:1530 |
| By: | Hein, Eckhard |
| Abstract: | This contribution reviews key developments in Kaleckian economics after Kalecki, with a focus on its application to mature capitalist economies. Rather than revisiting interpretations of Kalecki's original work, the contribution highlights subsequent theoretical and empirical extensions. It begins with Josef Steindl's foundational role in shaping Kaleckian economics, and then explores two major areas: distribution and growth models, and conflict inflation models, which have evolved considerably since the 1970s. The survey demonstrates that Kaleckian economics, as major strand of post-Keynesian economics, provides a coherent and consistent alternative to mainstream approaches, grounded in the principles of effective demand and distributional conflict, with a wide range of applications. While comprehensive within its chosen scope, the paper does not address Kaleckian contributions in areas such as pricing beyond Steindl, development economics, or post-capitalist economics, which would merit separate treatments. |
| Keywords: | Kaleckian economics, post-Keynesian economics, Josef Steindl, distribution and growth, conflict inflation |
| JEL: | B22 B59 E12 E31 |
| Date: | 2025 |
| URL: | https://d.repec.org/n?u=RePEc:zbw:ipewps:323943 |
| By: | Craig S Wright |
| Abstract: | This paper presents a praxeological analysis of artificial intelligence and algorithmic governance, challenging assumptions about the capacity of machine systems to sustain economic and epistemic order. Drawing on Misesian a priori reasoning and Austrian theories of entrepreneurship, we argue that AI systems are incapable of performing the core functions of economic coordination: interpreting ends, discovering means, and communicating subjective value through prices. Where neoclassical and behavioural models treat decisions as optimisation under constraint, we frame them as purposive actions under uncertainty. We critique dominant ethical AI frameworks such as Fairness, Accountability, and Transparency (FAT) as extensions of constructivist rationalism, which conflict with a liberal order grounded in voluntary action and property rights. Attempts to encode moral reasoning in algorithms reflect a misunderstanding of ethics and economics. However complex, AI systems cannot originate norms, interpret institutions, or bear responsibility. They remain opaque, misaligned, and inert. Using the concept of epistemic scarcity, we explore how information abundance degrades truth discernment, enabling both entrepreneurial insight and soft totalitarianism. Our analysis ends with a civilisational claim: the debate over AI concerns the future of human autonomy, institutional evolution, and reasoned choice. The Austrian tradition, focused on action, subjectivity, and spontaneous order, offers the only coherent alternative to rising computational social control. |
| Date: | 2025–07 |
| URL: | https://d.repec.org/n?u=RePEc:arx:papers:2507.01483 |
| By: | Aicha Ahnach (FSJES Agadir, Université Ibn Zohr = Ibn Zohr University [Agadir]); Lahoussine Rachidi (FSJES Agadir, Université Ibn Zohr = Ibn Zohr University [Agadir]) |
| Abstract: | This article explores the theoretical framework of cooperative entrepreneurship by identifying its key conceptual dimensions. Through a narrative literature review, it traces the historical roots of the cooperative movement, highlighting the ideas of pioneers such as Saint-Simon and Fourier, along with the early implementations of consumer, credit, and production cooperatives. The paper emphasizes the fundamental values of cooperatives, including equality, solidarity, and democracy, which distinguish them from traditional capitalist enterprises. These core values underpin the unique structure and purpose of cooperatives, focusing on collective well-being rather than individual profit maximization. The article also analyzes various theoretical approaches to cooperative entrepreneurship, acknowledging the significant contributions of different scholars. It situates cooperative entrepreneurship within the broader framework of social entrepreneurship, stressing its capacity to meet collective needs while enhancing individual autonomy. Cooperative entrepreneurship is presented as a viable and resilient alternative to conventional capitalist models, offering innovative solutions to social and economic challenges. In conclusion, the study explores the main dimensions of cooperative entrepreneurship, focusing on the creation of both economic and social value, participatory governance, and cooperative identity. These dimensions highlight the distinct nature of cooperative enterprises, which not only generate financial sustainability but also promote social inclusion and community development through democratic decision-making and shared ownership. The cooperative identity, rooted in cooperative principles, is central to maintaining a clear sense of purpose and aligning with ethical and social values. Overall, the article provides a comprehensive examination of cooperative entrepreneurship, demonstrating its potential to address contemporary economic and social issues through a sustainable and inclusive approach |
| Abstract: | Cet article explore le cadre théorique de l'entrepreneuriat coopératif en identifiant ses dimensions conceptuelles clés. En se basant sur une revue de littérature narrative, il retrace les origines du mouvement coopératif, en mettant en avant les idées de pionniers tels que Saint-Simon et Fourier, ainsi que les premières coopératives de consommation, de crédit et de production. L'article souligne les valeurs fondamentales des coopératives, notamment l'égalité, la solidarité et la démocratie, qui les distinguent des entreprises capitalistes traditionnelles. Il analyse ensuite les différentes approches théoriques, en reconnaissant les contributions de divers penseurs. L'étude situe l'entrepreneuriat coopératif dans le contexte plus large de l'entrepreneuriat social en soulignant son potentiel à répondre aux besoins collectifs tout en promouvant l'autonomie des membres. Enfin, l'article se conclut par l'exploration des principales dimensions du construit de l'entrepreneuriat coopératif, incluant la création de valeur économique et sociale, la gouvernance participative et l'identité coopérative. |
| Keywords: | social entrepreneurship, cooperative identity., participatory governance, social value, economic value, literature review, cooperative entrepreneurship, social and solidarity economy, identité coopérative., gouvernance participative, valeur sociale, valeur économique, revue de littérature, entrepreneuriat social, entrepreneuriat coopératif, économie sociale et solidaire |
| Date: | 2025–07–26 |
| URL: | https://d.repec.org/n?u=RePEc:hal:journl:hal-05196336 |
| By: | Vîntu, Denis |
| Abstract: | This paper examines the rational expectations hypothesis, a central concept in modern macroeconomics. It explores the theoretical foundations, methodological implications, applications in macroeconomic models, empirical evidence, criticisms, and relevance for contemporary policy analysis. The analysis highlights both the strengths and limitations of rational expectations, situating it as a benchmark assumption that continues to shape modern economic thought. |
| Keywords: | Rational Expectations; New Classical School; Dynamic Stochastic General Equilibrium (DSGE); Inflation Targeting; Macroeconomic Policy; Monetary Policy Credibility; Forward-Looking Behavior; New Keynesian Phillips Curve; Microfoundations; Policy Ineffectiveness Proposition; Expectations Formation; Central Bank Policy; Price Stability; Policy Rules vs. Discretion; Economic Forecasting |
| JEL: | C68 E12 E31 E32 E52 E58 |
| Date: | 2025–08 |
| URL: | https://d.repec.org/n?u=RePEc:pra:mprapa:125823 |