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Are we Austrian economists?

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  • Claudia R. Williamson

    (Mississippi State University)

Abstract

This paper is based on the Presidential Address given at the 2019 Society for the Development of Austrian Economics Annual Meeting. In these remarks, I explore what makes a modern Austrian Economist. I propose that many theoretical foundations that are historically Austrian are now absorbed in mainstream economics. To understand contemporary Austrian economics, we should observe what Austrians currently do. Upon examination, it is clear that modern Austrians research across all topics and utilize all methodologies. Thus, I argue that it is our deep intellectual training, commitment to stressing economic logic, and consistent application of this logic to real world phenomenon that make us uniquely Austrian.

Suggested Citation

  • Claudia R. Williamson, 2020. "Are we Austrian economists?," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 33(4), pages 407-413, December.
    • Handle: RePEc:kap:revaec:v:33:y:2020:i:4:d:10.1007_s11138-020-00510-z
    DOI: 10.1007/s11138-020-00510-z
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    References listed on IDEAS

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    1. George J. Stigler, 1971. "The Theory of Economic Regulation," Bell Journal of Economics, The RAND Corporation, vol. 2(1), pages 3-21, Spring.
    2. Claudia Williamson, 2010. "Exploring the failure of foreign aid: The role of incentives and information," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 23(1), pages 17-33, March.
    3. Leeson Peter T. & Williamson Claudia R., 2009. "Anarchy and Development: An Application of the Theory of Second Best," The Law and Development Review, De Gruyter, vol. 2(1), pages 77-96, July.
    4. von Hayek, Friedrich August, 1989. "The Pretence of Knowledge," American Economic Review, American Economic Association, vol. 79(6), pages 3-7, December.
    5. Louis Putterman & David N. Weil, 2010. "Post-1500 Population Flows and The Long-Run Determinants of Economic Growth and Inequality," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 125(4), pages 1627-1682.
    6. Claudia Williamson, 2009. "Informal institutions rule: institutional arrangements and economic performance," Public Choice, Springer, vol. 139(3), pages 371-387, June.
    7. Steve Pejovich, 2003. "Understanding the transaction costs of transition: it's the culture, stupid," ICER Working Papers 24-2003, ICER - International Centre for Economic Research.
    8. Coase, R. H., 1995. "Essays on Economics and Economists," University of Chicago Press Economics Books, University of Chicago Press, edition 1, number 9780226111032.
    9. Bockstette, Valerie & Chanda, Areendam & Putterman, Louis, 2002. "States and Markets: The Advantage of an Early Start," Journal of Economic Growth, Springer, vol. 7(4), pages 347-369, December.
    10. Williamson, Claudia R., 2012. "Dignity and development," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 41(6), pages 763-771.
    11. Svetozar Pejovich, 2003. "Understanding the Transaction Costs of Transition: it's the Culture, Stupid," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 16(4), pages 347-361, December.
    12. Claudia R. Williamson, 2008. "Foreign Aid and Human Development: The Impact of Foreign Aid to the Health Sector," Southern Economic Journal, John Wiley & Sons, vol. 75(1), pages 188-207, July.
    13. William Easterly, 2003. "Can Foreign Aid Buy Growth?," Journal of Economic Perspectives, American Economic Association, vol. 17(3), pages 23-48, Summer.
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    Cited by:

    1. Daniel J. Smith, 2023. "Austrian economics as a relevant research program," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 36(4), pages 501-514, December.

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