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A model of Austrian economics

Hagedorn, Hendrik.

A model of Austrian economics

Record Type:	Electronic resources : Monograph/item
Title/Author:	A model of Austrian economicsby Hendrik Hagedorn.
Author:	Hagedorn, Hendrik.
Published:	Wiesbaden :Springer Fachmedien Wiesbaden :2015.
Description:	viii, 104 p. :ill., digital ;24 cm.
Contained By:	Springer eBooks
Subject:	Austrian school of economics.
Online resource:	http://dx.doi.org/10.1007/978-3-658-07077-9
ISBN:	9783658070779 (electronic bk.)

A model of Austrian economics
Hagedorn, Hendrik.

A model of Austrian economics[electronic resource] /by Hendrik Hagedorn. - Wiesbaden :Springer Fachmedien Wiesbaden :2015. - viii, 104 p. :ill., digital ;24 cm.

An agent-based economy within an accounting framework -- Reaction algorithms for households, firms, and banks -- A contribution to interest-rate theory -- A comparison of Austrian and neoclassical economics.

After the most recent financial crisis it has become clear that there exists a crisis also in economics as a science. The prevailing paradigms have failed to anticipate and to understand the financial crisis. New approaches are therefore needed. Of particular interest should be approaches that combine insights from those parts of economics that are largely neglected by the mainstream. Hendrik Hagedorn presents a model that synthesizes elements of Austrian, post-Keynesian, and evolutionary economics. Thus, an economic paradigm is developed that challenges neoclassical economics as a whole. Contents An agent-based economy within an accounting framework Reaction algorithms for households, firms, and banks A contribution to interest-rate theory A comparison of Austrian and neoclassical economics Target Groups Students and researchers in the fields of economics and epistemology of the social sciences Macroeconomic analysts The Author Hendrik Hagedorn is a physicist and an economist. He works at an institute for applied economic research in Germany.

ISBN: 9783658070779 (electronic bk.)

Standard No.: 10.1007/978-3-658-07077-9doiSubjects--Topical Terms:

186969
Austrian school of economics.

LC Class. No.: HB98

Dewey Class. No.: 330.157

A model of Austrian economics
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520 $a After the most recent financial crisis it has become clear that there exists a crisis also in economics as a science. The prevailing paradigms have failed to anticipate and to understand the financial crisis. New approaches are therefore needed. Of particular interest should be approaches that combine insights from those parts of economics that are largely neglected by the mainstream. Hendrik Hagedorn presents a model that synthesizes elements of Austrian, post-Keynesian, and evolutionary economics. Thus, an economic paradigm is developed that challenges neoclassical economics as a whole. Contents An agent-based economy within an accounting framework Reaction algorithms for households, firms, and banks A contribution to interest-rate theory A comparison of Austrian and neoclassical economics Target Groups Students and researchers in the fields of economics and epistemology of the social sciences Macroeconomic analysts The Author Hendrik Hagedorn is a physicist and an economist. He works at an institute for applied economic research in Germany.
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