A model of Austrian economics
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A model of Austrian economics

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Additional information

Full Title

A model of Austrian economics
Author(s)

Hendrik Hagedorn
Edition
ISBN

9783658070779, 9783658070762
Publisher

Springer Gabler
Format

PDF and EPUB

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.

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