Working Papers

Lucas’ Expectational Equilibrium, Price Rigidity, and Descriptive Realism

Author: 
Mauro Boianovsky
Publication Number: 
2021-17
Publication Date: 
Wednesday, September 8, 2021

Robert Lucas’ 1972 article on the neutrality of money represented the first effective challenge to Samuelson’s neoclassical synthesis methodological separation between static microeconomic optimization and macroeconomic dynamics.

Viennese Late Enlightenment and the Early Socialist Calculation Debates: Rationalities and Their Limits

Author: 
Alexander Linsbichler
Publication Number: 
2021-16
Publication Date: 
Thursday, August 12, 2021

Austrian economist Ludwig Mises’s central role in the socialist calculation debates has been consensually acknowledged since the early 1920s.

Sprachgeist and Realisticness: The Troubled Relationship between (Austrian) Economics and Mathematics Revisited

Author: 
Alexander Linsbichler
Publication Number: 
2021-15
Publication Date: 
Monday, August 2, 2021

In recent academic and to some extent public debates, mainstream economics has been accused of excessive mathematization. The rejection of mathematical and other formal methods is often cited as a crucial trait of Austrian economics.

What Happened on Blackstone Avenue? Exorcising Coase Theorem Mythology

Author: 
Steven G. Medema
Publication Number: 
2021-14
Publication Date: 
Wednesday, July 14, 2021

The present paper revisits the path by which Coase came to set down the result now generally known as the Coase theorem in his 1960 article.

Simon Kuznets and Russia: An Uneasy Relation

Author: 
Moshe Syrquin
Publication Number: 
2021-13
Publication Date: 
Wednesday, June 16, 2021

Simon Kuznets was born and educated in Russia and the Soviet Ukraine. He completed his economic education and adopted his research methodology in the United States where Wesley Mitchell was a major influence during his early career.

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