A model of Austrian economics by Hendrik HagedornA model of Austrian economics by Hendrik Hagedorn

A model of Austrian economics

byHendrik Hagedorn

Paperback | September 18, 2014

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After the most recent financial crisis it has become clear that there exists a crisis also in economics as a science. The prevailing paradigms have failed to anticipate and to understand the financial crisis. New approaches are therefore needed. Of particular interest should be approaches that combine insights from those parts of economics that are largely neglected by the mainstream. Hendrik Hagedorn presents a model that synthesizes elements of Austrian, post-Keynesian, and evolutionary economics. Thus, an economic paradigm is developed that challenges neoclassical economics as a whole.
Hendrik Hagedorn is a physicist and an economist. He works at an institute for applied economic research in Germany.
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Title:A model of Austrian economicsFormat:PaperbackDimensions:104 pages, 21 × 14.8 × 0.01 inPublished:September 18, 2014Publisher:Springer-Verlag/Sci-Tech/TradeLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:3658070765

ISBN - 13:9783658070762

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Table of Contents

An agent-based economy within an accounting framework.- Reaction algorithms for households, firms, and banks.- A contribution to interest-rate theory.- A comparison of Austrian and neoclassical economics.