Open AccessAustrian Economics, Neoclassicism, and the Market Test
Author(s) -
Leland R Yeager
Publication year - 1997
Publication title -
the journal of economic perspectives
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 9.614
H-Index - 196
eISSN - 1944-7965
pISSN - 0895-3309
DOI - 10.1257/jep.11.4.153
Subject(s) - appeal , austrian school , test (biology) , economics , positive economics , neoclassical economics , classical economics , political science , law , paleontology , biology
Professor Sherwin Rosen correctly suggests that the Austrian and neoclassical schools can be complementary, each accepting much from the other. However his recognition of Austrian strengths needs to be amplified and his criticisms need softening. His appeal to the market test risks encouraging anti-intellectual attitudes and practices
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