ABC – Austria, Bloomington, Chicago: Political Economy the Ostrom Way

The Austrian and Bloomington Schools of Political Economy

ISBN: 978-1-78714-844-4, eISBN: 978-1-78714-843-7

ISSN: 1529-2134

Publication date: 17 October 2017

Abstract

Bloomington scholars are critical of the rather wide-spread “Model Platonism” of both Austrian and Chicago economists. Their empirical, B, perspective avoids the more extreme views of both Austrian “mindful economics,” A, and Chicago “mindless economics,” C. Yet the B is not a mere convex combination of A and C. It is rather a psychologically grounded empirical evidence-oriented approach that keeps clear of the non-empirical spirit of von Mises’ and Selten’s methodological dualism on one hand and the instrumentalist and behaviorist spirit of much of neo-classical economics on the other hand.

Keywords

Citation

Kliemt, H. (2017), "ABC – Austria, Bloomington, Chicago: Political Economy the Ostrom Way", The Austrian and Bloomington Schools of Political Economy (Advances in Austrian Economics, Vol. 22), Emerald Publishing Limited, pp. 15-47. https://doi.org/10.1108/S1529-213420170000022001

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Emerald Publishing Limited

Copyright © 2017 Emerald Publishing Limited

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