IDEAS home Printed from https://ideas.repec.org/a/ids/ijplur/v10y2019i2p190-207.html
   My bibliography  Save this article

A meaning discovery process: the unique contribution of the Austrian School of Economics and its relevance for contemporary economics curricula

Author

Listed:
  • Carmelo Ferlito

Abstract

In this paper I argue that the unique contribution of the Austrian School of Economics (ASE) is found in its general approach to economic problems, an approach that, because of its emphasis on meaning, has been called 'radical subjectivism'. In the light of such an approach, we can look at and appreciate that the ASE is probably one of the latest schools which had, and still have, the aspiration of bringing out a general theory of the economic system, with the possibility of globally responding to economic questions within a broad paradigm. Moreover, such a paradigm was developed in order to incorporate two fundamental elements disregarded by mainstream economics: real people and real time. The aim of the present paper is thus to show how teaching Austrian economics can be a source of inspiration for students and scholars because of its unique approach to economic problems; its consequent aspiration to develop a general explanation of the economic process; and the importance of linking economic analysis to the real world.

Suggested Citation

  • Carmelo Ferlito, 2019. "A meaning discovery process: the unique contribution of the Austrian School of Economics and its relevance for contemporary economics curricula," International Journal of Pluralism and Economics Education, Inderscience Enterprises Ltd, vol. 10(2), pages 190-207.
    • Handle: RePEc:ids:ijplur:v:10:y:2019:i:2:p:190-207
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=101727
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ferlito, Carmelo, 2019. "The Property Market, Affordability and the Malaysian National Housing Policy," EconStor Preprints 197287, ZBW - Leibniz Information Centre for Economics.
    2. Ferlito, Carmelo, 2018. "The Malaysian Property Boom and Bust Cycle: History Repeating?," EconStor Conference Papers 190772, ZBW - Leibniz Information Centre for Economics.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijplur:v:10:y:2019:i:2:p:190-207. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=319 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.