The Austrian School and the Theory of Markets

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11620%2F21%3A10437762" target="_blank" >RIV/00216208:11620/21:10437762 - isvavai.cz</a>

Nalezeny alternativní kódy

RIV/61384399:31130/21:00057073 RIV/61384399:31130/22:00057073

Výsledek na webu

<a href="https://doi.org/https://link.springer.com/referenceworkentry/10.1007/978-981-15-4106-3_6-2" target="_blank" >https://doi.org/https://link.springer.com/referenceworkentry/10.1007/978-981-15-4106-3_6-2</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1007/978-981-15-4106-3_6-2" target="_blank" >10.1007/978-981-15-4106-3_6-2</a>

Jazyk výsledku

angličtina

Název v původním jazyce

The Austrian School and the Theory of Markets

Popis výsledku v původním jazyce

The Austrian school of economics emerged as a distinct research program in the 1870s in opposition to the German Historical School. In its early days, it was part of the neoclassical mainstream. The origin of several enduring concepts, such as marginal utility, opportunity cost, and subjective preferences, can be traced to early Austrian contributions. Austrian economists such as Eugen von Böhm-Bawerk and Ludwig von Mises were also among the earliest critics of Marxist economics and central planning, arguing that Marx&apos;s labor of theory of value is erroneous and that a socialist economy is impossible. In the 1930s, the Austrian school diverged from mainstream economics. The new rift was between the Austrian approach, which analyzes markets as institutionally channeled entrepreneurial discovery processes, and the mainstream approach with its focus on models of market equilibria. Within the Austrian school, there was also a deepening of its underlying subjectivism to encompass not only consumer preferences, but also the subjectivity of knowledge and expectations. In the twenty-first century, Austrian concepts and theories remain influential in social theories that emphasize the role of institutions in human development.

Název v anglickém jazyce

The Austrian School and the Theory of Markets

Popis výsledku anglicky

The Austrian school of economics emerged as a distinct research program in the 1870s in opposition to the German Historical School. In its early days, it was part of the neoclassical mainstream. The origin of several enduring concepts, such as marginal utility, opportunity cost, and subjective preferences, can be traced to early Austrian contributions. Austrian economists such as Eugen von Böhm-Bawerk and Ludwig von Mises were also among the earliest critics of Marxist economics and central planning, arguing that Marx&apos;s labor of theory of value is erroneous and that a socialist economy is impossible. In the 1930s, the Austrian school diverged from mainstream economics. The new rift was between the Austrian approach, which analyzes markets as institutionally channeled entrepreneurial discovery processes, and the mainstream approach with its focus on models of market equilibria. Within the Austrian school, there was also a deepening of its underlying subjectivism to encompass not only consumer preferences, but also the subjectivity of knowledge and expectations. In the twenty-first century, Austrian concepts and theories remain influential in social theories that emphasize the role of institutions in human development.

Druh

C - Kapitola v odborné knize

CEP obor

—

OECD FORD obor

10700 - Other natural sciences

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2021

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název knihy nebo sborníku

The Palgrave Handbook of the History of Human Sciences

ISBN

978-981-15-4106-3

Počet stran výsledku

22

Strana od-do

—

Počet stran knihy

1000

Název nakladatele

Springer Singapore

Místo vydání

Singapur

Kód UT WoS kapitoly

—