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

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Publisher
Springer US
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

References

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