Post Classical Political Economy
Peter J. Boettke
George Mason University - Department of Economics
Virgil Henry Storr
George Mason University - Department of Economics; George Mason University - Mercatus Center; University of Arizona Center for the Philosophy of Freedom
American Journal of Economics and Sociology, Vol. 61, No. 1, pp. 161-191, 2002
This paper explores the relationship of Max Weber's "social economics" to the work of the Austrian School of Economics, and in particular the writings of Ludwig von Mises and F. A. Hayek. We argue that the Austrian school scholars complement and extend the work of Weber. The sophisticated form of methodological individualism found in Weber, Mises and Hayek overcomes the shortcomings of traditional economic and sociological analysis and could provide the analytical structure for a post-classical political economy.
Number of Pages in PDF File: 32
JEL Classification: B31, B53
Date posted: January 18, 2010 ; Last revised: November 20, 2010
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