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A View from Europe: Austrian Economics, Civil Society, and PPE

In: Assessing Austrian Economics

Author

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  • Erwin Dekker
  • Stefan Kolev

Abstract

In this chapter it is argued that the future of Austrian economics is best sought in the field of philosophy, politics, and economics (PPE), with a strong and diverse connection with civil society. The authors demonstrate the limitations inherent in the discipline of economics for Austrian economists, which consist of its narrowness as well as its near-exclusive focus on improving government policies. The authors suggest that the burgeoning field of PPE is a more natural home, and one that provides the great continuity with the broad social philosophical origins of the Austrian School. The chapter emphasizes the comparative strength of Austrian economics in direct relation to the public as well as civil society organizations, compared to the purely academic nature of many other economic schools and fields. But the authors warn against a too narrow ideological or too concentrated financial relationship with a small set of civil society organizations. The chapter illustrates some of the dangers and opportunities through a comparative history vis-à-vis the evolution of ordoliberal political economy in Germany.

Suggested Citation

  • Erwin Dekker & Stefan Kolev, 2019. "A View from Europe: Austrian Economics, Civil Society, and PPE," Advances in Austrian Economics, in: Assessing Austrian Economics, volume 24, pages 69-79, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:aaeczz:s1529-213420190000024007
    DOI: 10.1108/S1529-213420190000024007
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    Cited by:

    1. Malte Dold & Tim Krieger, 2019. "The “New” Crisis of the Liberal Order: Populism, Socioeconomic Imbalances, and the Response of Contemporary Ordoliberalism," Journal of Contextual Economics (JCE) – Schmollers Jahrbuch, Duncker & Humblot, Berlin, vol. 139(2–4), pages 243-258.

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