Dr. Anderson and the Austrians: Price formation as a cumulative process

Dr. Anderson and the Austrians: Price formation as a cumulative process The formation of money prices is a pervasive feature of market economies. The theoretical explanation of money prices requires economists to recognize that prices are the result of a cumulative process in which past prices and practices create present prices, which are the basis of the plans and actions that will create future prices and practices. Lavoie’s interpretive economics embraces the historical element in economic theory and furnishes an approach congenial to studying the market as a cumulative process. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Review of Austrian Economics Springer Journals

Dr. Anderson and the Austrians: Price formation as a cumulative process

Loading next page...
 
/lp/springer_journal/dr-anderson-and-the-austrians-price-formation-as-a-cumulative-process-XuwBx3jXXQ
Publisher
Springer Journals
Copyright
Copyright © 2011 by Springer Science+Business Media, LLC
Subject
Economics; Public Finance; Political Science; History of Economic Thought/Methodology
ISSN
0889-3047
eISSN
1573-7128
D.O.I.
10.1007/s11138-011-0145-5
Publisher site
See Article on Publisher Site

Abstract

The formation of money prices is a pervasive feature of market economies. The theoretical explanation of money prices requires economists to recognize that prices are the result of a cumulative process in which past prices and practices create present prices, which are the basis of the plans and actions that will create future prices and practices. Lavoie’s interpretive economics embraces the historical element in economic theory and furnishes an approach congenial to studying the market as a cumulative process.

Journal

The Review of Austrian EconomicsSpringer Journals

Published: Feb 22, 2011

References

You’re reading a free preview. Subscribe to read the entire article.


DeepDyve is your
personal research library

It’s your single place to instantly
discover and read the research
that matters to you.

Enjoy affordable access to
over 18 million articles from more than
15,000 peer-reviewed journals.

All for just $49/month

Explore the DeepDyve Library

Search

Query the DeepDyve database, plus search all of PubMed and Google Scholar seamlessly

Organize

Save any article or search result from DeepDyve, PubMed, and Google Scholar... all in one place.

Access

Get unlimited, online access to over 18 million full-text articles from more than 15,000 scientific journals.

Your journals are on DeepDyve

Read from thousands of the leading scholarly journals from SpringerNature, Elsevier, Wiley-Blackwell, Oxford University Press and more.

All the latest content is available, no embargo periods.

See the journals in your area

DeepDyve

Freelancer

DeepDyve

Pro

Price

FREE

$49/month
$360/year

Save searches from
Google Scholar,
PubMed

Create lists to
organize your research

Export lists, citations

Read DeepDyve articles

Abstract access only

Unlimited access to over
18 million full-text articles

Print

20 pages / month

PDF Discount

20% off