Towards a transmutable economics? A comment on Wynarczyk
This note responds to Wynarczyk?s recent claim in this Journal that Austrian and Post Keynesian Economics share a similar axiomatic base. It is argued that while both traditions appear to emphasise the nominal importance of money, creativity and uncertainty, if they are indeed committed to taking uncertainty seriously then both must recognise nonergodic constructs such as money denominated contracts. History matters.
Volume (Year): 7 (2002)
Issue (Month): 1 (March)
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