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A subjectivist essay on modern labor economics
Author(s) -
Bellante Don
Publication year - 1983
Publication title -
managerial and decision economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.288
H-Index - 51
eISSN - 1099-1468
pISSN - 0143-6570
DOI - 10.1002/mde.4090040406
Subject(s) - subjectivism , austrian school , economics , perspective (graphical) , neoclassical economics , schools of economic thought , positive economics , epistemology , philosophy , computer science , artificial intelligence
Subjectivist methodology has attracted an increasing number of adherents as a result of the recent reemergence of the Austrian school. The new Austrian school has challenged the methodological approach of neoclassical economics in many areas. This essay seeks to extend that challenge into the area of labor economics. Modern labor economics, viewed from a subjectivist perspective, is argued to merit a mixed review. However, it is also argued that neoclassical labor economists (as compared with neoclassicists in other specialized areas) seem quite amenable to incorporation of subjective elements into their analysis.