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An Explanation to Individual Knowledge and Behavior Based on Empirical Substrates

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Author Info
zhao, liang
zhu, xian chen

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Abstract

Using 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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File URL: http://mpra.ub.uni-muenchen.de/6825/
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Publisher Info
Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 6825.

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Date of creation: 18 Jan 2008
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Handle: RePEc:pra:mprapa:6825

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Related research
Keywords: 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 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

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References listed on IDEAS
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.:
  1. 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.
  2. 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. [Downloadable!] (restricted)
  3. 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. [Downloadable!] (restricted)
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This page was last updated on 2009-12-1.

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