The Review of Austrian Economics, 16:2/3, 127–131, 2003. c 2003 Kluwer Academic Publishers. Manufactured in The Netherlands. In 2000, in Paris, the second meeting of the “Association des Historiens de la Tradition Economique Autrichienne” (Association of the Historians of the Austrian Economic Tra- dition) (AHTEA) was devoted to the Austrian contributions to Applied Economics. The idea was to show that, in Walrasian parlance, Austrian Economics (AE) was not only a “pure” theory but also an “applied” one. In other words, there was room for an Applied Austrain Economics (AAE). After two levels of editorial selection (at the AHTEA level and at the RAE one) this volume presents some of the contributions that were presented at this meeting. The fact that AE is able to address most of the theoretical and public policy questions is now recognized even by those who challenge its approach. However, the capacity of AE to produce applied economic results remains a great challenge. Indeed the main arguments advanced against the existence of an AAE can be presented as follows. – First, AE is said to be reluctant to empirically test the conclusions of its theories. This argument is certainly true for some Austrians. Indeed the
The Review of Austrian Economics – Springer Journals
Published: Oct 4, 2004
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