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Book part
Publication date: 10 August 2010

Laurent Dobuzinskis and Thierry Aimar

Today, there is no academic or sociocultural context in which Austrian Economics (AE) is described as being dominant. AE is and remains, for better or for worse, a…

Abstract

Today, there is no academic or sociocultural context in which Austrian Economics (AE) is described as being dominant. AE is and remains, for better or for worse, a heterodox current. In the United States, however, but probably nowhere else in the world, AE is heterodox without being invisible or inconsequential. American scholars for whom AE is their preferred paradigm have been able to participate actively in the sort of “discussions” that Arjo Klamer (2007, p. 4) wishes to encourage. They are taken seriously by fellow economists. The vitality of American AE has no equivalent in the rest of the world.1 Obvious constraints of time and space prevent us from offering supporting evidence for this sweeping statement, but in this paper we propose to take a close look at the French case. AE has made few inroads in France. There was a brief period in the 1980s when it was the object of some short-lived enthusiasm; since then interest has waned, although there are indications that the tide might yet again be turning, and in fact, as compared to many other western European countries, France may turn out to be, all things being relative, a less infertile ground than might a priori be thought.

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What is so Austrian about Austrian Economics?
Type: Book
ISBN: 978-0-85724-261-7

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Book part
Publication date: 6 December 2011

Thierry Aimar

Purpose – To define the links between cognition and entrepreneurial behavior by highlighting the problem of complexity in the difficult trade-off between discovery of new…

Abstract

Purpose – To define the links between cognition and entrepreneurial behavior by highlighting the problem of complexity in the difficult trade-off between discovery of new opportunities and exploitation of current opportunities.

Methodology/approach – To interrelate Austrian tools (Hayek, Kirzner, Lachmann) with lessons from experimental economics.

Research limitations and implications – This contribution enters the world of entrepreneurship to show where the mental rigidities opposing discoveries lie.

Originality/value of paper – To use experimental economics to widen our understanding of entrepreneurship and invite the Austrian scholars to imagine other protocols that might deepen the analysis.

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Hayek in Mind: Hayek's Philosophical Psychology
Type: Book
ISBN: 978-1-78052-399-6

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Book part
Publication date: 10 August 2010

Abstract

Details

What is so Austrian about Austrian Economics?
Type: Book
ISBN: 978-0-85724-261-7

Click here to view access options
Book part
Publication date: 6 December 2011

Abstract

Details

Hayek in Mind: Hayek's Philosophical Psychology
Type: Book
ISBN: 978-1-78052-399-6

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