Abstract
This article has been reprinted in Boettke, P (ed.), The Legacy of Friedrich von Hayek, (3 vols, Cheltenham, U.K.: Edward Elgar Publishers, 1999), vol. 2: Philosophy, pp. 273–316. It was written over a five-year period (1989–94) in an effort to clarify an idea frequently cited in the literature of Austrian economics but very sketchily defined. Causal-genetic thinking as a key characteristic of Austrian economics could be made more precise, thanks to the publication in 1994 of the English translation of a 1932 paper from Hans Mayer, ‘Der Erkenntniswert der Funktionellen Priestheorien’, English translation: ‘The Cognitive Value of Functional Theories of Price’, in Kirzner, I. (ed.), Classics in Austrian Economics (3 vols, London: Pickering & Chatto Publishers), vol. 2, pp. 19–54.
| Original language | English (US) |
|---|---|
| Title of host publication | Modern Austrian Economics |
| Subtitle of host publication | Archaeology of a Revival: Volume 1: A Multi-Directional Revival |
| Publisher | Taylor and Francis |
| Pages | 315-360 |
| Number of pages | 46 |
| Volume | 1 |
| ISBN (Electronic) | 9781040239216 |
| ISBN (Print) | 9781138755307 |
| DOIs | |
| State | Published - Jan 1 2024 |
ASJC Scopus subject areas
- General Economics, Econometrics and Finance
- General Business, Management and Accounting