Premium
Complexity, Governance and Constitutional Craftsmanship
Author(s) -
Boettke Peter J.,
Storr Virgil Henry
Publication year - 2002
Publication title -
american journal of economics and sociology
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.199
H-Index - 38
eISSN - 1536-7150
pISSN - 0002-9246
DOI - 10.1111/1536-7150.00155
Subject(s) - austrian school , methodological individualism , individualism , von mises yield criterion , complement (music) , sociology , positive economics , politics , work (physics) , corporate governance , epistemology , neoclassical economics , economics , social science , law and economics , law , political science , philosophy , management , mechanical engineering , biochemistry , chemistry , physics , finite element method , complementation , gene , thermodynamics , phenotype , engineering
This paper explores the relationship of Max Weber's “social economics” to the work of the Austrian School of Economics, and in particular the writings of Ludwig von Mises and F. A. Hayek. We argue that the Austrian school scholars complement and extend the work of Weber. The sophisticated form of methodological individualism found in Weber, Mises and Hayek overcomes the shortcomings of traditional economic and sociological analysis and could provide the analytical structure for a post‐classical political economy.