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Foundations of The Economics of Time and Ignorance

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  • Mario Rizzo

Abstract

The Economics of Time and Ignorance grew out of the need to reinvigorate the Austrian School in light of the challenges of contemporary economics. It did this by re-examining the foundations of the Austrian tradition and by making explicit many of its hidden assumptions and implications. The book also attempted to make Austrian economics more of an open system than it had been in the conservationist decades of the 1950s, 60s, and 70s. The degree to which it has been successful is examined in this essay. Copyright Springer Science+Business Media New York 2013

Suggested Citation

  • Mario Rizzo, 2013. "Foundations of The Economics of Time and Ignorance," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 26(1), pages 45-52, March.
    • Handle: RePEc:kap:revaec:v:26:y:2013:i:1:p:45-52
    DOI: 10.1007/s11138-012-0196-2
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    References listed on IDEAS

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    1. Peter J. Boettke & David L. Prychitko (ed.), 1994. "The Market Process," Books, Edward Elgar Publishing, number 54.
    2. Vaughn,Karen I., 1998. "Austrian Economics in America," Cambridge Books, Cambridge University Press, number 9780521637657.
    3. Lachmann, Ludwig M, 1976. "From Mises to Shackle: An Essay on Austrian Economics and the Kaleidic Society," Journal of Economic Literature, American Economic Association, vol. 14(1), pages 54-62, March.
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    Cited by:

    1. David Harper, 2013. "“The Economics of Time and Ignorance”: A critical re-examination after 25 years," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 26(1), pages 1-6, March.
    2. Eduardo Angeli, 2018. "Caminhos da Escola Austríaca: relação com ortodoxia, engajamento e produção de novo conhecimento [Paths of the Austrian School: its relationship with orthodoxy, engagement and production of new knowle," Nova Economia, Economics Department, Universidade Federal de Minas Gerais (Brazil), vol. 28(2), pages 681-704, May-Augus.

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    More about this item

    Keywords

    History of Economic Thought; Methodology; Austrian School; B2; B53; B410;
    All these keywords.

    JEL classification:

    • B2 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925
    • B53 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Austrian

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