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Negru, Ioana (2013) 'Revisiting the Concept of Schools of Thought in Economics: The Example of the Austrian School.' American Journal of Economics and Sociology, 72 (4). pp. 983-1008.

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The aim of this article is to explore defining characteristics of schools of thought in economics, with Austrian economics chosen to illustrate some of the themes raised. This article argues that a school of thought can be interpreted as an entity that comprises both a system of thought and its member practitioners. Furthermore, a school of thought presupposes the existence of two elements: coherence and distinctiveness. Despite the existence of Misesian and Hayekian strands and thus of plurality within the Austrian school, the article argues for the existence of a broader notion of coherence within the Austrian school at the level of epistemology, methodology, and agenda/objectives.

Item Type: Journal Article
SOAS Departments & Centres: Departments and Subunits > Department of Economics
Legacy Departments > Faculty of Law and Social Sciences > Department of Economics
ISSN: 00029246
DOI (Digital Object Identifier):
Date Deposited: 01 Sep 2015 14:43

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