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The Austrian school in Bulgaria: A history

Author

Listed:
  • Nikolay Nenovsky

    (University of Picardie Jules Verne, Amiens, France)

  • Pencho Penchev

    (University of National and World Economy, Sofia, Bulgaria)

Abstract

The main goal of this study is to highlight the acceptance, dissemination, interpretation, criticism and make some attempts at contributing to Austrian economics made in Bulgaria during the last 120 years. We consider some of the main characteristics of the Austrian school, such as subjectivism and marginalism, as basic components of the economic thought in Bulgaria and as incentives for the development of some original theoretical contributions. Even during the first few years of Communist regime (1944–1989), with its Marxist monopoly over intellectual life, the Austrian school had some impact on the economic thought in the country. Subsequent to the collapse of Communism, there was a sort of a Renaissance and rediscovery of this school. Another contribution of our study is that it illustrates the adaptability and spontaneous evolution of ideas in a different and sometimes hostile environment.

Suggested Citation

  • Nikolay Nenovsky & Pencho Penchev, 2018. "The Austrian school in Bulgaria: A history," Russian Journal of Economics, ARPHA Platform, vol. 4(1), pages 44-64, April.
    • Handle: RePEc:arh:jrujec:v:4:y:2018:i:1:p:44-64
    DOI: 10.3897/j.ruje.4.26005
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    References listed on IDEAS

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    1. Bertrand BLANCHETON & Nikolay NENOVSKY, 2013. "Protectionism and Protectionists Theories in the Balkans in the Interwar Period," Cahiers du GREThA (2007-2019) 2013-02, Groupe de Recherche en Economie Théorique et Appliquée (GREThA).
    2. Nikolay Nenovsky & Pencho Penchev, 2016. "Money without a State: Currencies of the Orthodox Christians in the Balkan Provinces of the Ottoman Empire (17th –19th centuries)," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 29(1), pages 33-51, March.
    3. Nenovsky, Nikolay, 2012. "Theoretical Debates in Bulgaria during the Great Depression Confronting Sombart, Marx and Keynes," OEconomia, Editions NecPlus, vol. 2012(01), pages 67-101, March.
    4. Nikolay Nenovsky, 2007. "Monetary order. Critics of monetary theory," Post-Print halshs-00259333, HAL.
    5. Nikolay Nenovsky & Pencho Penchev, 2015. "Reconstructing Eclecticism: Bulgarian Economic Thought in the Ottoman Empire in the Nineteenth Century," History of Political Economy, Duke University Press, vol. 47(4), pages 631-664, December.
    6. Heinz D. Kurz & Tamotsu Nishizawa & Keith Tribe (ed.), 2011. "The Dissemination of Economic Ideas," Books, Edward Elgar Publishing, number 14521.
    7. Nikolay Nenovsky & Pencho Penchev, 2016. "Money without a State: Currencies of the Orthodox Christians in the Balkan Provinces of the Ottoman Empire (17th –19th centuries)," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 29(1), pages 33-51, March.
    8. Michalis M. Psalidopoulos & Nicholas J. Theocarakis, 2011. "The Dissemination of Economic Thought in South-Eastern Europe in the Nineteenth Century," Chapters, in: Heinz D. Kurz & Tamotsu Nishizawa & Keith Tribe (ed.), The Dissemination of Economic Ideas, chapter 7, Edward Elgar Publishing.
    9. Nikolay Nenovsky, 1999. "Hayek's Economic Philosophy (100th anniversary of the birth of F.A. Hayek)," Post-Print halshs-00260231, HAL.
    10. Nikolai Nenovski & Pencho Penchev, 2014. "The Birth of Economic Thought and Specialized Economic Press among the Bulgarians in the Ottoman Empire in the XIX Century (A Mediterranean Perspective)," Nauchni trudove, University of National and World Economy, Sofia, Bulgaria, issue 1, pages 93-126, February.
    11. Nikolay Nenovsky, 2001. "Free Money (the questions of economic theory)," Post-Print halshs-00259415, HAL.
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    Cited by:

    1. Kolev, Stefan, 2021. "Ein Baltendeutscher bei den Preußen des Balkans: Oskar Anderson und das Sofioter Institut für Wirtschaftsforschung (SWIFO)," HWWI Research Papers 198, Hamburg Institute of International Economics (HWWI).

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    More about this item

    Keywords

    history of economic thought; dissemination of economic ideas; Austrian school; Bulgaria;
    All these keywords.

    JEL classification:

    • B00 - Schools of Economic Thought and Methodology - - General - - - History of Economic Thought, Methodology, and Heterodox Approaches
    • B13 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Wicksellian)
    • B30 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - General
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology

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