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Post Classical Political EconomyPeter J. BoettkeGeorge Mason University - Department of Economics Virgil Henry StorrGeorge Mason University - Department of Economics; George Mason University - Mercatus Center; University of Arizona Center for the Philosophy of Freedom 2002 American Journal of Economics and Sociology, Vol. 61, No. 1, pp. 161-191, 2002 Abstract: 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 Accepted Paper SeriesDate posted: January 18, 2010 ; Last revised: November 20, 2010Suggested CitationContact Information
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