A new look at the Austrian School of Economics: review and prospects

Fu, Y.; Shiu, Gary Moon Cheung

doi:10.1504/ijpee.2011.041695

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“… Robbins (1932, p. 90): «If this were commonly known, if it were generally realised that Economic Man is only an expository device-a first approximation used very cautiously at one stage in the development of arguments which, in their full development, neither employ any such assumption nor demand it in any way for a justification of their procedure-it is improbable that he would be such a universal bogey».2 The Austrian School of Economics took off with the publication ofMenger (1871). There is no lack of literature about its historical setting; see, among others,Ebeling (2016),Gloria-Palermo (1999),Holcombe (2014), Huerta de Soto (2000),Schulak and Unterköfler (2011),Vaughn (1994),Yu and Moon-Cheung Shiu (2011).3 Ludwig vonMises (1881Mises ( -1973 has been one of the ASE leading figures.…”

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confidence: 99%