A model of Austrian economics
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.
1120067762
A model of Austrian economics
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.
54.99 In Stock
A model of Austrian economics

A model of Austrian economics

by Hendrik Hagedorn
A model of Austrian economics

A model of Austrian economics

by Hendrik Hagedorn

Paperback(2015)

$54.99 
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Overview

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.

Product Details

ISBN-13: 9783658070762
Publisher: Springer Fachmedien Wiesbaden
Publication date: 09/05/2014
Edition description: 2015
Pages: 104
Product dimensions: 5.83(w) x 8.27(h) x (d)

About the Author

Hendrik Hagedorn is a physicist and an economist. He works at an institute for applied economic research in Germany.

Table of Contents

An agent-based economy within an accounting framework.- Reaction algorithms for households, firms, and banks.- A contribution to interest-rate theory.- A comparison of Austrian and neoclassical economics.
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