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A model of Austrian economics

  • Book
  • © 2015

Overview

Authors:
  1. Hendrik Hagedorn

    1. Universität Münster, Münster, Germany

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  • Study in the field of economics

  • Includes supplementary material: sn.pub/extras

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Table of contents (9 chapters)

  1. Front Matter

    Pages I-VIII
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  2. Introduction

    • Hendrik Hagedorn
    Pages 1-4

  3. The setup of the model

    • Hendrik Hagedorn
    Pages 5-21

  4. Household behavior

    • Hendrik Hagedorn
    Pages 23-29

  5. Firm behavior

    • Hendrik Hagedorn
    Pages 31-42

  6. Bank behavior

    • Hendrik Hagedorn
    Pages 43-47

  7. The functioning of the model

    • Hendrik Hagedorn
    Pages 49-59

  8. Results

    • Hendrik Hagedorn
    Pages 61-79

  9. Considerations about interest rates

    • Hendrik Hagedorn
    Pages 81-85

  10. Further aspects

    • Hendrik Hagedorn
    Pages 87-96

  11. Back Matter

    Pages 97-104
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Keywords

About this book

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.

Authors and Affiliations

  • Universität Münster, Münster, Germany

    Hendrik Hagedorn

About the author

Hendrik Hagedorn is a physicist and an economist. He works at an institute for applied economic research in Germany.

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