AUSTRIAN ECONOMICS AND ITS IDIOSYNCRATIC IDEAS FOR THE DIGITAL AGE

CORDUNEANU Alexandru , Alexandru Ioan Cuza University of Iași

Abstract:
The intellectual tradition of the Austrian School of Economics has a vivid history for more than two centuries. Generation by generation, the ‘Austrian’ economists slowly distanced themselves from the prevailing neoclassical paradigm, explaining the world they lived in and showing the paths to the prosperity. But what can be said about the analysis of the main forces driving the digital era? Would the ideas of the ‘Austrian’ forefathers have still something to say? The purpose of this paper is to explore in what respect the Austrian’s heterodox ideas could explain the recent technological evolution and guide its the future development.

Keywords: Neoclassical, Process, Entrepreneurship, Knowledge, Digitalization

JEL Classification: B13, D40, E14, L26, O30

Volume: 72, Issue: 2

Pages: 8 - 18

Publication date: July, 2020

Download the article: http://economice.ulbsibiu.ro/revista.economica/archive/72201corduneanu.pdf

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