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Austrian Economics And Its Idiosyncratic Ideas For The Digital Age

Author

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  • CORDUNEANU Alexandru

    (Alexandru Ioan Cuza University of Iași)

Abstract

The intellectual tradition of the Austrian School of Economics has a vivid history for more than two centuries. Generation by generation, the ‘Austrian' economists slowly distanced themselves from the prevailing neoclassical paradigm, explaining the world they lived in and showing the paths to the prosperity. But what can be said about the analysis of the main forces driving the digital era? Would the ideas of the ‘Austrian' forefathers have still something to say? The purpose of this paper is to explore in what respect the Austrian's heterodox ideas could explain the recent technological evolution and guide its the future development.

Suggested Citation

  • CORDUNEANU Alexandru, 2020. "Austrian Economics And Its Idiosyncratic Ideas For The Digital Age," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 72(2), pages 8-18, July.
    • Handle: RePEc:blg:reveco:v:72:y:2020:i:2:p:8-18
    as

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    File URL: http://economice.ulbsibiu.ro/revista.economica/archive/72201corduneanu.pdf
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    References listed on IDEAS

    as
    1. Peter J. Boettke (ed.), 1994. "The Elgar Companion to Austrian Economics," Books, Edward Elgar Publishing, number 53.
    2. Peter J. Boettke (ed.), 2010. "Handbook on Contemporary Austrian Economics," Books, Edward Elgar Publishing, number 12822.
    3. Boettke, Peter & Coyne, Christopher (ed.), 2015. "The Oxford Handbook of Austrian Economics," OUP Catalogue, Oxford University Press, number 9780199811762.
    4. Randall Holcombe, 2014. "Advanced Introduction to the Austrian School of Economics," Books, Edward Elgar Publishing, number 15228.
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    More about this item

    Keywords

    Neoclassical; Process; Entrepreneurship; Knowledge; Digitalization;
    All these keywords.

    JEL classification:

    • B13 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Wicksellian)
    • D40 - Microeconomics - - Market Structure, Pricing, and Design - - - General
    • E14 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Austrian; Evolutionary; Institutional
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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