A model of Austrian economics
Author(s)
Bibliographic Information
A model of Austrian economics
（Research）
Springer Gabler, c2015
Note
"Dissertation, Universität Münster, 2013" -- T.p. verso
Description and Table of Contents
Description
After the most recent financial crisis it has become clear that there exists a crisis also in economics as a science. The prevailing paradigms have failed to anticipate and to understand the financial crisis. New approaches are therefore needed. Of particular interest should be approaches that combine insights from those parts of economics that are largely neglected by the mainstream. Hendrik Hagedorn presents a model that synthesizes elements of Austrian, post-Keynesian, and evolutionary economics. Thus, an economic paradigm is developed that challenges neoclassical economics as a whole.
Table of Contents
An agent-based economy within an accounting framework.- Reaction algorithms for households, firms, and banks.- A contribution to interest-rate theory.- A comparison of Austrian and neoclassical economics.
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