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The connections between the Austrian tradition and some of the recent developments relating to the economic analysis of institutions

Author

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  • Pierre Garrouste

Abstract

This paper has two aims. First, it studies the way the Austrian theory of institutions evolved from the main works of Menger. Second, and most significantly, it tries to justify the idea that the economic analysis of institutions was inspired more or less explicitly by Menger’s thesis but more generally by the Austrian intuitions and thesis. These intuitions and theses are however amended in order to make them more formalized as well as testable.

Suggested Citation

  • Pierre Garrouste, 2003. "The connections between the Austrian tradition and some of the recent developments relating to the economic analysis of institutions," ICER Working Papers 31-2004, ICER - International Centre for Economic Research.
    • Handle: RePEc:icr:wpicer:31-2004
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    File URL: http://www.bemservizi.unito.it/repec/icr/wp2004/Garrouste31-04.pdf
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    More about this item

    Keywords

    Menger; Austrian tradition; emergence of the institutions; economic analysis of institutions.;
    All these keywords.

    JEL classification:

    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School
    • B3 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals
    • D0 - Microeconomics - - General

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