Austrian and Post-Marshallian Economics: The Bridging Work of George Richardson
31 Pages Posted: 18 Feb 1998
Date Written: April 1996
Austrian and post-Marshallian economics share a number of concerns, such as a basic subjecticist stance and an emphasis on the importance of inquiry into the disequilibrium market process. This paper details similarities and differences between these two bodies of thought, and argue that a closer liaison is possible. George Richardson's work is presented as a possible bridge, since his work incorporates both Austrian and post-Marshallian elements. The paper ends by sketching a combined Austrian and post-Marshallian approach to the firm.
JEL Classification: B13, B25, D20
Suggested Citation: Suggested Citation