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Austrian Economics, Neoclassicism, and the Market Test

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Author Info
Yeager, Leland B
Abstract

Professor Sherwin Rosen correctly suggests that the Austrian and neoclassical schools can be complementary, each accepting much from the other. However his recognition of Austrian strengths needs to be amplified and his criticisms need softening. His appeal to the market test risks encouraging anti-intellectual attitudes and practices, Copyright 1997 by American Economic Association.

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Publisher Info
Article provided by American Economic Association in its journal Journal of Economic Perspectives.

Volume (Year): 11 (1997)
Issue (Month): 4 (Fall)
Pages: 153-65
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Handle: RePEc:aea:jecper:v:11:y:1997:i:4:p:153-65

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  1. Rosen, Sherwin, 1997. "Austrian and Neoclassical Economics: Any Gains from Trade?," Journal of Economic Perspectives, American Economic Association, vol. 11(4), pages 139-52, Fall. [Downloadable!] (restricted)
    Other versions:
  2. Yeager, Leland B, 1995. "Tacit Preachments Are the Worst Kind," Journal of Economic Methodology, Taylor and Francis Journals, vol. 2(1), pages 1-33, June.
  3. Laband, David N & Taylor, Christopher N, 1992. "The Impact of Bad Writing in Economics," Economic Inquiry, Oxford University Press, vol. 30(4), pages 673-88, October.
  4. Summers, Lawrence H, 1991. " The Scientific Illusion in Empirical Macroeconomics," Scandinavian Journal of Economics, Blackwell Publishing, vol. 93(2), pages 129-48.
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This page was last updated on 2009-12-13.

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