Individuals, Institutions, Interpretations
Hermeneutics Applied to Economics
Published on 13. April 1995
Book
Hardback
186 pages
978-1-85628-968-9 (ISBN)
Description
This text seeks to correct the tendency of economics to be unaffected by literature. It explores the relationship between contemporary hermeneutics and economic theory and suggests that economics can and should open itself to a historical interpretive account of human action. The book contains methodological writings that critically explore the relationship between individual choice and institutional intersubjectivity, as well as theoretical applications which reinterpret market processes as creators and disseminators of contextualized, tacit knowledge.
More details
Language
English
Place of publication
United Kingdom
Publishing group
Taylor & Francis Ltd
Target group
College/higher education
Professional and scholarly
Dimensions
Height: 157 mm
Width: 223 mm
Weight
375 gr
ISBN-13
978-1-85628-968-9 (9781856289689)
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Schweitzer Classification
Content
Introduction: why hermeneutics?, David L. Prychitko. Part 1 Beyond economic man: methodological individualism and the Austrian school, David L. Prychitko; individuals and institutions, Peter J. Boettke; how individualistic is methodological individualism?, G.B. Madison. Part 2 Institutional co-ordination - the interpretive dimension: interpretive reasoning and the study of social life, Peter J. Boettke; co-operation in anonymity, Richard M. Ebeling; Ludwig Lachmann and the interpretive turn in economics - a critical inquiry into the hermeneutics of the plan, David L. Prychitko. Part 3 New interpretations of the market process: the market as a procedure for the discovery and conveyance of inarticulate knowledge, Don Lavoie; toward a hermeneutical economics - expectations, prices and the role of interpretation in a theory of the market process, Richard M. Ebeling; monetary exchange as an extra-linguistic social communication process, Steven Horwitz.