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

INDEXMiller, E.M. 10, 184, 188–9,190–3, 195Mises, L. von 3, 6, 23, 27, 125,135, 163; a priori approach and34–42; on history andeconomics 32–4; on humanaction 8, 31–48; Lachmannproblem and 62, 64–7;subjectivism 81–4, 86–7Modica, S. 130money: bull-bear position 187,193–5; theory of 138, 147Moss, L.S. 133, 134motivational understanding 97Moya, C.J. 47multiple specificity 168, 173multiplier effects 28natural prices 17natural sciences 34–5, 36, 41, 81,88, 91, 92–3natural value 17, 19negative heuristics 125–6Neo-Marxism 120Neo-Ricardianism 6, 18neoclassical economics 6, 17, 31,34, 127–9, 131–3, 135neoclassical equilibrium 126neoclassical model 21, 29, 105New Classical approach 64, 179New Institutional economists 1nihilism 61, 132, 151, 164‘nodal points’ 77, 151, 154nomological knowledge 90, 97non-additive probability theory130–1non-anonymous types 71, 72, 76novelty 9, 105, 106–7, 108, 111,113–14, 128, 130Oakes, G. 33objectively rational ideal type 96–7objectives 85–6O’Driscoll, G.P. 127, 135–6, 138,144, 164, 179Ohlin, B. 28Old Institutional economists 1ontological doctrine 82, 83, 84–5open-systems approach,provisional equilibrium and 9,104–22opinion, diversity of (equity prices)188–96option clause 156–7order 132; economic 133–8, 143;institutional 147, 148–51, 152;social 69, 133, 135–6, 143,147, 151, 153; spontaneous126, 134, 136, 143orientation 53–4, 94‘orientation maps’ 53–4Pareto,V. 1, 15Pareto-constrained efficiency 132Pareto optimality 154partial specification 9, 105–6path-dependency 20, 154, 168pattern co-ordination 135–6,144–5Penrose, E.T. 25, 26perfect competition 17, 19, 27phenomenology 36, 40, 62, 68, 74,170physical assets 24‘Plan’ notion 8, 9, 42, 48–57, 95–6plan co-ordination 134, 135, 144,171, 173plan complementarity 169–70planned economy 13–14planning models 13–14, 16plutology 18Polanyi, M. 149policy activism 10, 163–79Popper, K. 13, 14, 18positivism 84–5Post-Keynesians 1, 3, 8, 158‘Practical Range’ theory 185praxeology 8, 32, 33, 35–9, 41,43–5, 87, 94, 97, 147prediction 18, 63, 70–1; see alsoforecastspreferences 5, 21, 63, 164price adjustments 28price signals 5price system 17, 137–8, 145, 165,170–3prices: equity, divergentexpectations and 186–8; relative206