The Microfoundations of Austrian Economics through a New Classical Theoretical Lens

• Published in: Review of political economy Vol. 28; no. 1; pp. 113 - 133
• Main Authors: Evans, Anthony J., Aligica, Paul Dragos
• Format: Journal Article
• Language: English
• Published: London Routledge 01.01.2016; Taylor & Francis Ltd
• Subjects: Austria; Austrian economics; Economic models; Economic theory; Markets; microfoundations; New Classical School; Austria

This paper is an attempt to contribute to the microfoundations debate by discussing the distinctive methodological characteristics of the Austrian school, and how they relate to different conceptions of equilibrium and general equilibrium models. Further, we shall focus on one specific branch of the...