Academic Journal
Is the Austrian School Value-Free? On the Dependence of Austrian Economics on Political Philosophy
| العنوان: | Is the Austrian School Value-Free? On the Dependence of Austrian Economics on Political Philosophy |
|---|---|
| المؤلفون: | Dominiak, Łukasz, Slenzok, Norbert |
| بيانات النشر: | Mises Institute |
| سنة النشر: | 2024 |
| المجموعة: | Nicolaus Copernicus University (UMK) Torun: RUM@K / Uniwersytet Mikołaja Kopernika w Toruniu |
| مصطلحات موضوعية: | libertarianism, free market, voluntariness, Murray Rothbard, property rights, political philosophy, positivism |
| الوصف: | This research was funded in whole or in part by the National Science Centre, Poland, grant number 2020/39/B/HS5/00610. For the purpose of open access, the author has applied a CC-BY public copyright license to any author-accepted manu- script version arising from this submission. ; Austrian economists tend to declare that their economics is value-free. The present article argues that it is not. As we show, the basic conceptual framework employed by Austrian economists in their putatively value-free studies is actually embedded in libertarian political philosophy. Specifically, a major notion of Austrian economic analysis—that is, the notion of free (voluntary) exchange—presupposes Lockean property rights. Accordingly, Austrians define all concepts derivative of free exchange (e.g., free market, socialism, interventionism, calculational chaos, monopoly, social welfare) in terms of just distributions of ownership titles. However, instead of eschewing the value-laden component of their economics, Austrians may openly embrace it, for their theory is naturally predisposed to axiological nonneutrality. |
| نوع الوثيقة: | article in journal/newspaper |
| اللغة: | English |
| Relation: | Quarterly Journal of Austrian Economics, vol. 26, no. 4, pp. 325-365; https://doi.org/10.35297/qjae.010178; http://repozytorium.umk.pl/handle/item/7001 |
| DOI: | 10.35297/qjae.010178 |
| الاتاحة: | http://repozytorium.umk.pl/handle/item/7001 https://doi.org/10.35297/qjae.010178 |
| Rights: | https://creativecommons.org/licenses/by/4.0/deed.pl ; Attribution 4.0 Poland |
| رقم الانضمام: | edsbas.F2BF6507 |
| قاعدة البيانات: | BASE |
| DOI: | 10.35297/qjae.010178 |
|---|