Subjectivism and Economic Analysis: Essays in memory of Ludwig ...

INDEXefficient allocation/co-ordination 13Ellsberg paradox 131empowerment 23endogenous change 135–6;provisional equilibrium 9,104–22endogenous expectations 64, 68endogenous uncertainty 130–1,132ends/means 4, 44–5, 48–9, 54,96, 97entrepreneurship 20, 22–4, 27,105, 127–8, 168, 169epistemological isolationism 85,86–7epistemology 36, 40, 66, 67, 83–7,149equilibration 17, 20equilibrium 4, 5, 6, 7, 14, 127–8,130, 132, 134–5, 165; Harm’snotion 109–13; individual 104,122; Marshall and 15–18, 20;prices 188, 189; provisional 9,104–22; see also generalequilibrium theoryEquilibrium and Evolution(Loasby) 14equity prices: divergentexpectations and 184, 186–8,197; diverse opinion and188–96evaluative conclusions 44evolutionary approach 136exchange theory (catallactics)18–20excess capacity 175exogenous change 105–7, 114–16,121expectations 2, 3, 4, 5, 7, 18, 164;balance of 183, 193, 196;convergent 10, 184, 186, 187,194, 196; dispositional 62, 74,75, 76–7; divergent 10, 26–7,183–4, 186–8, 194, 196–7;endogenous 64, 68; Lachmannproblem 8, 61–77;psychological 62, 64, 74–5,76–7; rational 13, 64, 75, 77; instock markets 16, 183–97Expectations and the Meaning ofInstitutions (Lavoie) 164explanation 107–8, 111, 113–14;causal 50–1, 63, 87, 89–91, 94,95; intentional 9, 92–3, 96–8explanations of principle 88external institutions 144, 147–8, 155false assumptions/policies 13false production economy 20feedback effects 150financial intermediaries, law and155–8financial markets/assets 23–4Fisher, F.M. 130Fogel, R.W. 27forecasts 18, 20, 27, 188–9; seealso predictionformalism 6, 14, 18–19, 21–2, 29,34, 81–2fractional reserve banking 155–6future intentions (problem of)42–8Gadamer, H-G. 53game theory 21, 138, 145Garrison, Roger 163, 164general equilibrium theory 1, 16,17, 19, 20, 27, 88, 132, 134,195General Theory (Keynes) 22, 67,70, 193–5German Historical School 2, 7, 31,33Ginet, C. 45Gintis, H. 9, 132, 137–8gold stocks 155Gottl-Ottlilienfeld, F. von 82, 84,86–7Great Depression 2, 164Grinder, W. 2Grossman, S. 132growth regimes 115, 118–22Habermas, J. 54Hahn, F. 29; equilibrium 106,109–13, 122, 130, 132Hart, O. 131Hayek, F.A. 2, 3, 8, 27, 163–4,203