The economics of ignorance or ignorance of economics?

Critical Review: A Journal of Politics and Society 3 (3-4):467-487 (1989)
  Copy   BIBTEX

Abstract

THE ECONOMICS OF TIME AND IGNORANCE by Gerald P. O'Driscoll, Jr. and Mario J. Rizzo New York: Basil Blackwell, 1985. 261pp., $34.95 O'Driscoll and Rizzo, two leading exponents of the Austrian subjectivist school of economics, claim to provide an original and powerful challenge to mainstream neoclassical economics. They also argue that there is much common ground between the Austrian approach and the recent development of Post Keynesian analysis. In this essay, the validity of such claims is analyzed, and the shortcomings of the Austrian school's approach vis?à?vis Post Keynesian and neoclassical analysis is developed.

Categories

Keywords

Reprint years

DOI

10.1080/08913818908459577

Other Versions

No versions found

Links

PhilArchive



    Upload a copy of this work     Papers currently archived: 101,174

External links

Setup an account with your affiliations in order to access resources via your University's proxy server

Through your library

My notes

Similar books and articles

Father time's revenge on economics.Kurt Schuler - 1986 - Critical Review: A Journal of Politics and Society 1 (1):90-105.
Why the acrimony?: Reply to Davidson.Stephan Boehm & Karl Farmer - 1993 - Critical Review: A Journal of Politics and Society 7 (2-3):407-421.
>What can Austrian economists learn from the post Keynesians? Reply to Davidson.Christopher Torr - 1993 - Critical Review: A Journal of Politics and Society 7 (2-3):399-406.
Mainstream economics and the Austrian school: toward reunification.Adam K. Pham - 2017 - Erasmus Journal for Philosophy and Economics 10 (1):41-63.
A Note on the Interaction of Philosophical Ethics and the Social Science of Economics: the Hegelian Ideal of the Economy’s and its Implication for the Validity of Neoclassical and Post-Keynesian Economics.David Charles Merrill - 2017 - Hegel-Jahrbuch 2017 (1):347-352.
Boettke's Austrian critique of mainstream economics: An empiricist's response.Thomas Mayer - 1998 - Critical Review: A Journal of Politics and Society 12 (1-2):151-171.
Paul Davidson and the Austrians: Reply to Davidson.Jochen Runde - 1993 - Critical Review: A Journal of Politics and Society 7 (2-3):381-397.
Kirzner's argument for the relevance and uniqueness of Austrian economics relating to neoclassical theory: the tendency to equilibrium and the Jevons’ law of indifference.Lucas Casonato & Eduardo Angeli - 2024 - Journal of Economic Methodology 31 (2):91-105.

Analytics

Added to PP
2011-10-18

Downloads
67 (#316,098)

6 months
7 (#718,806)

Historical graph of downloads
How can I increase my downloads?

Citations of this work

Where did economics go wrong? Modern economics as a flight from reality.Peter J. Boettke - 1997 - Critical Review: A Journal of Politics and Society 11 (1):11-64.
Paul Davidson and the Austrians: Reply to Davidson.Jochen Runde - 1993 - Critical Review: A Journal of Politics and Society 7 (2-3):381-397.
After Davidson, who needs the Austrians? Reply to Davidson.David L. Prychitko - 1993 - Critical Review: A Journal of Politics and Society 7 (2-3):371-380.
Individuals and institutions.Peter J. Boettke - 1990 - Critical Review: A Journal of Politics and Society 4 (1-2):10-26.
>What can Austrian economists learn from the post Keynesians? Reply to Davidson.Christopher Torr - 1993 - Critical Review: A Journal of Politics and Society 7 (2-3):399-406.

View all 8 citations / Add more citations

References found in this work

The Foundations of Statistics.Leonard Savage - 1954 - Wiley Publications in Statistics.

Add more references