An Explanation to Individual Knowledge and Behavior Based on Empirical Substrates
AbstractUsing recent findings from modern empirical disciplines and mainly building on F.A.Hayek’s thoughts, the paper gives a definition of knowledge in accord with the Austrian School’s tradition, and basing on the definition, it sums up three behavior assumptions and a framework on explaining individual behavior and expounds ideas on hierarchical knowledge and its change in real situations. By this way, the paper believes that the Austrian School can be greatly advanced with the help of modern empirical findings.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 6825.
Date of creation: 18 Jan 2008
Date of revision:
knowledge; shared knowledge; hierarchy; behavioral assumption; reduced framework; empirical foundation;
Find related papers by JEL classification:
- B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
- A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
- B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian
- B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
- B53 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Austrian
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-01-26 (All new papers)
- NEP-CBE-2008-01-26 (Cognitive & Behavioural Economics)
- NEP-KNM-2008-01-26 (Knowledge Management & Knowledge Economy)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Boettke, Peter J, 2002. " Information and Knowledge: Austrian Economics in Search of its Uniqueness," The Review of Austrian Economics, Springer, vol. 15(4), pages 263-74, December.
- K. Foss & Nicolai Foss, 2006. "The limits to designed orders: Authority under “distributed knowledge” conditions," The Review of Austrian Economics, Springer, vol. 19(4), pages 261-274, December.
- Elinor Ostrom, 2004. "The Working Parts of Rules and How They May Evolve Over Time," Papers on Economics and Evolution 2004-04, Max Planck Institute of Economics, Evolutionary Economics Group.
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