Austrian Economics, Neoclassicism, and the Market Test

Author:

Yeager Leland R1

Affiliation:

1. Ludwig von Mises Distinguished Professor Emeritus of Economics at Auburn University, Auburn, Alabama.

Abstract

Professor Sherwin Rosen correctly suggests that the Austrian and neoclassical schools can be complementary, each accepting much from the other. However his recognition of Austrian strengths needs to be amplified and his criticisms need softening. His appeal to the market test risks encouraging anti-intellectual attitudes and practices

Publisher

American Economic Association

Subject

Economics and Econometrics,Economics and Econometrics

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