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The exchange paradigm: Where to now?

Author

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  • Meir Kohn

Abstract

This essay restates the main conclusions of “Value and Exchange,” discusses three possible directions of research that flow from it, and evaluates their likely impact on the economics profession. The three directions are (1) the application of the distinction between value paradigm and exchange paradigm to the elucidation of the history of economic thought, (2) formal theorizing within the framework of the exchange paradigm, and (3) empirical work informed by the insights of the exchange paradigm. Copyright Springer Science+Business Media, LLC 2007

Suggested Citation

  • Meir Kohn, 2007. "The exchange paradigm: Where to now?," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 20(2), pages 201-203, September.
    • Handle: RePEc:kap:revaec:v:20:y:2007:i:2:p:201-203
    DOI: 10.1007/s11138-007-0020-6
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    Citations

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    Cited by:

    1. Christopher J. Coyne, 2010. "Economics as the Study of Coordination and Exchange," Chapters, in: Peter J. Boettke (ed.), Handbook on Contemporary Austrian Economics, chapter 2, Edward Elgar Publishing.
    2. Dwight R. Lee & JR. Clark, 2014. "A Presidential Tribute to James M. Buchanan: In Appreciation of the Man, His Work, and His Example," Southern Economic Journal, John Wiley & Sons, vol. 80(4), pages 905-911, April.
    3. Geoffrey Lea & Adam Martin, 2014. "From Vienna to Virginia: Exchange, rules, and social cooperation an introduction to the symposium," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 27(1), pages 1-9, March.

    More about this item

    Keywords

    Value paradigm; Exchange paradigm; B4; B5;
    All these keywords.

    JEL classification:

    • B4 - Schools of Economic Thought and Methodology - - Economic Methodology
    • B5 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches

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