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Are there really any errors in the Austrian theory of welfare?
Zagadnienia Filozoficzne w NauceThis text reviews David Megger’s 2021 book entitled Justice in Welfare Economics. Libertarianism and the Austrian School (in Polish: Sprawiedliwość w ekonomii dobrobytu, liberatarianizm i szkoła austriacka).
Mateusz Czyżniewski
doaj +1 more source
Economic Organization in the Knowledge Economy Some Austrian Insights [PDF]
I critically discuss recent claims about economic organization in the emerging “knowledge economy,” specifically that authority relations will tend to disappear (or at least become radically transformed), the boundaries of the firm will blur, and ...
Nicolai J. Foss
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Regime‐Dependent Nowcasting of the Austrian Economy
Journal of Forecasting, EarlyView.ABSTRACT We nowcast and forecast economic activity in Austria, namely, real gross domestic product (GDP), consumption, and investment, which are available at a quarterly frequency, using a preselected number of monthly indicators based on a combination of statistical procedures.
Jaroslava Hlouskova, Ines Fortin
wiley +1 more source
Israel M. Kirzner: An Outstanding Austrian Contributor to the Economics of Entrepreneurship [PDF]
Israel M. Kirzner is the 2006 winner of The International Award for Entrepreneurship and Small Business Research. In this essay, we present and evaluate his main contributions to the economics of entrepreneurship.
Douhan, Robin +2 more
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Journal of Forecasting, EarlyView.ABSTRACT This study investigates the predictive power of the term spread for forecasting economic activity across both conventional and unconventional monetary policy regimes. Utilizing data from 22 OECD countries spanning the period from 1985Q1 to 2024Q2, the analysis reveals that the term spread generally maintains its ability to predict GDP growth ...
Petri Kuosmanen, Juuso Vataja
wiley +1 more source
Quantitative Economic Modeling vs Methodological Individualism ? [PDF]
During a long time, the Austrian Economic School was against any mathematical formalization in social and economic sciences because it would be opposed to an individualist point of view of social phenomenons.
Buda, Rodolphe
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Austrian Economics, Evolutionary Psychology and Methodological Dualism: Subjectivism Reconsidered [PDF]
, 2004 The methodological individualism and subjectivism of the Austrian tradition in economics is often associated with a methodological dualism, i.e. the claim that the nature of its subject matter, namely purposeful and intentional human action, requires ...
Vanberg, Viktor J.
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Earnings Quality and ESG Performance in Energy and Utilities: What Really Matters?
International Journal of Finance &Economics, EarlyView.ABSTRACT The paper investigates the controversial relationship between firms' earnings quality and environmental, social and governance (ESG) performance, focusing on the energy and utility sectors given their significant regulatory pressures, environmental impact, and capital‐intensive nature, which render ESG performance particularly important for ...
Antonios Persakis +2 more
wiley +1 more source
THE AUSTRIAN SCHOOL OF ECONOMICS AND MARKET INSTABILITY [PDF]
CES Working Papers, 2013 Market equilibrium is an illusion. The economic reality shows us that the main characteristic of the markets is the state of instability. The complexity of the phenomenon and the strong implications engendered by the economic fluctuations in the macro ...
Claudiu Peptine, Claudiu-Gabriel Tiganas
doaj
Brexit and Its Impact on EU Financial Markets
International Journal of Finance &Economics, EarlyView.ABSTRACT We investigate the impact of Brexit on volatility spillovers across the EU countries. We introduce a Brexit intensity measure that assigns an intensity score reflective of the financial markets' reaction to the events that occurred as Brexit negotiations began to unfold.
Marwan Izzeldin +3 more
wiley +1 more source