Review of Nicolai J. Foss, The Austrian School and Modern Economics: Essays in Reassessment, Copenhagen: Handelshojskolens Forlag, 1994, 229 pp.

Review of Nicolai J. Foss, The Austrian School and Modern Economics: Essays in Reassessment,... Review of Austrian Economics, 11: 163–167 (1999) ° c 1999 Kluwer Academic Publishers Review of Nicolai J. Foss, The Austrian School and Modern Economics: Essays in Reassessment, Copenhagen: Handelshojskolens Forlag, 1994, 229 pp. ST EVEN HORWITZ ow a full 25 years after the beginning of its revival, the Austrian school seems to have reached a crucial fork in the road. Having spent much energy during the post-revival period on sorting out what the Austrian approach is all about and how it is distinct from the neoclassical mainstream, the school is now faced with the question of how that distinctive approach can be reconciled with some congenial developments in neoclassical economics. There appears to be an increasing trend within the Austrian school toward finding commonalities with these mainstream developments, rather than distancing itself from them. Nicolai Foss’s recent book is in many ways an excellent and productive example of this trend. He recapitulates many major Austrian themes while finding ways to connect them to important new work in evolutionary and neo-institutional economics. His attempts to “open up” Austrians to those insights, as well as opening up these other traditions to the contributions of Austrians, are largely successful and serve as http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Review of Austrian Economics Springer Journals

Review of Nicolai J. Foss, The Austrian School and Modern Economics: Essays in Reassessment, Copenhagen: Handelshojskolens Forlag, 1994, 229 pp.

Loading next page...
 
/lp/springer_journal/review-of-nicolai-j-foss-the-austrian-school-and-modern-economics-ff0qDXtXh6
Publisher
Kluwer Academic Publishers
Copyright
Copyright © 1999 by Kluwer Academic Publishers
Subject
Economics; Public Finance; Political Science; History of Economic Thought/Methodology
ISSN
0889-3047
eISSN
1573-7128
D.O.I.
10.1023/A:1007740410411
Publisher site
See Article on Publisher Site

Abstract

Review of Austrian Economics, 11: 163–167 (1999) ° c 1999 Kluwer Academic Publishers Review of Nicolai J. Foss, The Austrian School and Modern Economics: Essays in Reassessment, Copenhagen: Handelshojskolens Forlag, 1994, 229 pp. ST EVEN HORWITZ ow a full 25 years after the beginning of its revival, the Austrian school seems to have reached a crucial fork in the road. Having spent much energy during the post-revival period on sorting out what the Austrian approach is all about and how it is distinct from the neoclassical mainstream, the school is now faced with the question of how that distinctive approach can be reconciled with some congenial developments in neoclassical economics. There appears to be an increasing trend within the Austrian school toward finding commonalities with these mainstream developments, rather than distancing itself from them. Nicolai Foss’s recent book is in many ways an excellent and productive example of this trend. He recapitulates many major Austrian themes while finding ways to connect them to important new work in evolutionary and neo-institutional economics. His attempts to “open up” Austrians to those insights, as well as opening up these other traditions to the contributions of Austrians, are largely successful and serve as

Journal

The Review of Austrian EconomicsSpringer Journals

Published: Sep 30, 2004

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 12 million articles from more than
10,000 peer-reviewed journals.

All for just $49/month

Explore the DeepDyve Library

Unlimited reading

Read as many articles as you need. Full articles with original layout, charts and figures. Read online, from anywhere.

Stay up to date

Keep up with your field with Personalized Recommendations and Follow Journals to get automatic updates.

Organize your research

It’s easy to organize your research with our built-in tools.

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