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An attempt to categorize the economic behaviours: the case of the Austrian theoretical tradition

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  • Abdelaziz Berkane

Abstract

The purpose of the article is to analyse the way in which the Austrian theoretical tradition in economic thought deals with the heterogeneity of the agents. This heterogeneity is presented in the form of a categorization of actors faced with change, that allows to define three individual types of behaviour and rationality: innovation, imitation and adaptation. By putting the emphasis on the social interaction and learning processes, this categorization proves to be analytically meaningful in relation to contemporary theoretical debates.

Suggested Citation

  • Abdelaziz Berkane, 2011. "An attempt to categorize the economic behaviours: the case of the Austrian theoretical tradition," Cahiers d’économie politique / Papers in Political Economy, L'Harmattan, issue 60, pages 109-148.
    • Handle: RePEc:cpo:journl:y:2011:i:60:p:109-148
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    More about this item

    Keywords

    Austrian school; rationality; economic sociology; social interaction;
    All these keywords.

    JEL classification:

    • B00 - Schools of Economic Thought and Methodology - - General - - - History of Economic Thought, Methodology, and Heterodox Approaches
    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals

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