Structure, agency and causality in post-revival Austrian economics: tensions and resolutions
This paper aims to illustrate the benefits that accrue from critical realism's sustained, explicit reflection about ontological issues. The paper pursues this aim by examining the work of radical subjectivist Austrian economists as it has developed since the post-1974 revival in the fortunes of the Austrian school, focusing in particular on their account of the generation of socio-economic order in decentralized market economies. Ambiguities and tensions can be discerned in the radical subjectivist account of the causal forces at work in the market process. It is argued that the conceptual resources required for resolving those tensions and ambiguities are to be found in critical realism. The final section of the paper draws out some of the broader implications of the suggested resolution for radical subjectivist Austrian economics.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 17 (2005)
Issue (Month): 2 ()
|Contact details of provider:|| Web page: http://www.tandfonline.com/CRPE20|
|Order Information:||Web: http://www.tandfonline.com/pricing/journal/CRPE20|
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.:
- Beaulier Scott & Boettke Peter, 2000.
"Of Norms, Rules And Markets: A Comment On Samuels,"
Journal des Economistes et des Etudes Humaines,
De Gruyter, vol. 10(4), pages 1-6, December.
- Boettke, Peter & Fink, Alexander, 2011.
Journal of Institutional Economics,
Cambridge University Press, vol. 7(04), pages 499-504, December.
- Cowan, Robin & Rizzo, Mario J, 1996. "The Genetic-Causal Tradition and Modern Economic Theory," Kyklos, Wiley Blackwell, vol. 49(3), pages 273-317.
- G. B. Madison, 1994. "Phenomenology and economics," Chapters, in: The Elgar Companion to Austrian Economics, chapter 6 Edward Elgar Publishing.
- Peter Boettke & J. Robert Subrick, 2001. "From the philosophy of mind to the philosophy of the market," Journal of Economic Methodology, Taylor & Francis Journals, vol. 9(1), pages 53-64.
- Vaughn,Karen I., 1994. "Austrian Economics in America," Cambridge Books, Cambridge University Press, number 9780521445528, December.
- Hodgson, Geoff, 1986. "Behind Methodological Individualism," Cambridge Journal of Economics, Oxford University Press, vol. 10(3), pages 211-224, September.
When requesting a correction, please mention this item's handle: RePEc:taf:revpoe:v:17:y:2005:i:2:p:291-316. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty)
If references are entirely missing, you can add them using this form.