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Macroeconomics without laws : methodological and theoretical aspects

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dc.contributor.advisor Torr, Christopher Sidney Willoughby
dc.contributor.author Van Eeghen, P. (Piet Hein) en
dc.date.accessioned 2015-01-23T04:24:24Z
dc.date.available 2015-01-23T04:24:24Z
dc.date.issued 1999-11 en
dc.identifier.citation Van Eeghen, P. (Piet Hein) (1999) Macroeconomics without laws : methodological and theoretical aspects, University of South Africa, Pretoria, <http://hdl.handle.net/10500/16299> en
dc.identifier.uri http://hdl.handle.net/10500/16299
dc.description.abstract This study develops an economic methodology in which,behavioural laws (in the sense of necessary connections between cause and effect) play no essential role. Hayek and Menger are important sources of inspiration. Economic behaviour is explained by way of tendencies rather than laws and insight into economic phenomena is gained by laying bare their "action structure" in which behavioural explanation and behavioural laws play no role. This methodology is applied to the explanation of macroeconomic coordination. The appropriate equilibrium conditions are developed and the relevant tendencies away from or towards equilibrium are identified. The institutions responsible for these tendencies are identified and anarysed. In the light of these findings, pre-Keynesian macroeconomics, the macroeoconomics of Walrasian theory, as well as Keynes's General Theory itself are critically assessed.
dc.format.extent 1 online resource (v, 279 leaves) en
dc.subject Austrian economics
dc.subject Tendency
dc.subject Macroeconomic equilibrium.
dc.subject.ddc 330 en
dc.subject.lcsh Economics. en
dc.subject.lcsh Macroeconomics en
dc.title Macroeconomics without laws : methodological and theoretical aspects en
dc.description.department Economics and Management Sciences
dc.description.degree D. Comm. (Economics) en


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