TY  - CHAP
AB  - Abstract This chapter argues that if Austrian economics is to attain the influence, impact, and esteem enjoyed by comparable traditions, it cannot continue to produce research that only and always reaches free market conclusions. While the foundational principles of Austrian economics are incompatible with socialism, this does not settle every policy question in favor of laissez-faire. Factors such as historical circumstances and the particularities of local contexts should lead Austrians to take seriously some arguments in favor of government intervention. Freed from its ideological shackles, Austrian economics can provide a powerful toolkit for positive, scientific research addressing the most important questions in contemporary political economy.
VL  - 24
SN  - 978-1-78973-935-0, 978-1-78973-936-7/1529-2134
DO  - 10.1108/S1529-213420190000024009
UR  - https://doi.org/10.1108/S1529-213420190000024009
AU  - Meadowcroft John
ED  - Daniel J. D'Amico
ED  - Adam G. Martin
PY  - 2019
Y1  - 2019/01/01
TI  - Why are There no Austrian Social Democrats?
T2  - Assessing Austrian Economics
T3  - Advances in Austrian Economics
PB  - Emerald Publishing Limited
SP  - 89
EP  - 100
Y2  - 2024/04/25
ER  -