IDEAS home Printed from https://ideas.repec.org/a/cbu/jrnlec/y2012v4ip236-242.html
   My bibliography  Save this article

The Ecologist Spirit Underneath Austrian Economist Clothes

Author

Listed:
  • Elena Bianca Vieru

    (Alexandru Ioan Cuza University Of Iasi, Romania, Doctoral School Of Economics and Lorraine University, Nancy, France, Ecole Doctorale D’economie, Bureau D'economie Théorique Et Appliquée Beta)

Abstract

Capital is strongly related to growth and development. Unfortunately, nowadays not many are those who actually understand the meaning underneath these connections. Our main concern becomes providing strong proof for the idea according to which a misallocation of capital betrays disastrous consequences, both from a pure economical as well as from an ecological perspective. Thus, the purpose of our paper finds its roots in revealing the answer to the question whether society requires a new economico-ecological mentality oriented towards a sane and efficient resource allocation along the productive process. The response we found is that it desperately does so. Formulating the argument benefits from the Austrian School precepts as it bifurcates into separate paths to follow along the paper. The first one highlights our main assumption according to which Austrian economics are, from a certain perspective, ecological oriented as their capital theory is thoroughly linked to an environmental friendly growth. The second trail entails the development of a plan under the form of possible solutions for escaping the recurrence of imbalances. A considerable part is also allocated to pointing out the main indicators that emphasize the guiding alarm signals: prices and private property.

Suggested Citation

  • Elena Bianca Vieru, 2012. "The Ecologist Spirit Underneath Austrian Economist Clothes," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 4, pages 236-242, December.
    • Handle: RePEc:cbu:jrnlec:y:2012:v:4i:p:236-242
    as

    Download full text from publisher

    File URL: http://www.utgjiu.ro/revista/ec/pdf/2012-04.I/40_VIERU%20Elena%20Bianca.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Dulbecco, Philippe & Garrouste, Pierre, 1999. "Towards an Austrian Theory of the Firm," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 12(1), pages 43-64.
    2. Pierre Garrouste & Philippe Dulbecco, 1999. "Towards an Austrian Theory of the Firm," Post-Print halshs-01300362, HAL.
    3. Philippe Dulbecco & Pierre Garrouste, 1999. "Towards an Austrian theory of the firm," Post-Print halshs-00274296, HAL.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Foss Kirsten & Foss Nicolai & Klein Peter G. & Klein Sandra K., 2002. "Heterogeneous Capital, Entrepreneurship, and Economic Organization," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 12(1), pages 1-20, March.
    2. Argandoña, Antonio, 2010. "From action theory to the theory of the firm," IESE Research Papers D/855, IESE Business School.
    3. Giampaolo Garzarelli & Matthew Holian, 2014. "Parchment, guns, and the problem of governance," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 27(1), pages 71-80, March.
    4. Saras D. Sarasvathy & Nicholas Dew, 2013. "Without judgment: An empirically-based entrepreneurial theory of the firm," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 26(3), pages 277-296, September.
    5. Steven E. Phelan, 2016. "Austrian theories of entrepreneurship: Insights from complexity theory," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 29(3), pages 277-297, September.
    6. Pierre Garrouste, 2001. "Learning in economics: the Austrian insights," ICER Working Papers 25-2001, ICER - International Centre for Economic Research.
    7. Randall G. Holcombe, 2013. "Firms as knowledge repositories," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 26(3), pages 259-275, September.
    8. Pierre Garrouste, 2008. "The Austrian roots of the economics of institutions," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 21(4), pages 251-269, December.
    9. Robert Mulligan, 2006. "Accounting for the business cycle: Nominal rigidities, factor heterogeneity, and Austrian capital theory," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 19(4), pages 311-336, December.
    10. Kapás, Judit, 2002. "Piacszerű vállalat és vállalatszerű piac [Firms that resemble markets and markets that resemble firms]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(4), pages 320-333.
    11. Richard N. Langlois, 2013. "The Austrian theory of the firm: Retrospect and prospect," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 26(3), pages 247-258, September.
    12. Frederic Sautet, 2018. "The battle for the essence of entrepreneurship," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 31(1), pages 123-139, March.
    13. Nicolai J. Foss & Peter G. Klein, 2010. "Austrian Economics and the Theory of the Firm," Chapters, in: Peter G. Klein & Michael E. Sykuta (ed.), The Elgar Companion to Transaction Cost Economics, chapter 27, Edward Elgar Publishing.
    14. Witt, Ulrich, 1999. "Do Entrepreneurs Need Firms? A Contribution to a Missing Chapter in Austrian Economics," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 11(1-2), pages 99-109.
    15. Agnès Festré, 2012. "Carl Menger and Friedrich von Wieser on the role of knowledge and beliefs," Post-Print halshs-00346478, HAL.
    16. Richard P. Adelstein, 2003. "Knowledge and Power in the Mechanical Firm: Planning for Profit in Austrian Perspective," Wesleyan Economics Working Papers 2005-015, Wesleyan University, Department of Economics.
    17. Wolfgang Grassl, 2003. "A General Theory of Competition: Resources, Competences, Productivity, Economic Growth by Shelby D. Hunt," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 16(4), pages 385-393, December.
    18. Richard Adelstein, 2005. "Knowledge and Power in the Mechanical Firm: Planning for Profit in Austrian Perpsective," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 18(1), pages 55-82, January.
    19. Agnès Festré, 2012. "Carl Menger and Friedrich von Wieser on the Role of Knowledge and Beliefs in the Emergence and Evolution of Institutions," Chapters, in: Richard Arena & Agnès Festré & Nathalie Lazaric (ed.), Handbook of Knowledge and Economics, chapter 4, Edward Elgar Publishing.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cbu:jrnlec:y:2012:v:4i:p:236-242. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ecobici Nicolae (email available below). General contact details of provider: https://edirc.repec.org/data/fetgjro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.