2025-05-12
The following is a working paper clarifying the relationship of Lawrence H White to Austrian economics. The punchline is that Dr. White has been an Austrian from the early days of his career. The persistent Austrian themes in his macroeconomics represent a thorough appreciation and development of Mengerian methodology.
New Austrian Macroecomics Issue for the Review of Austrian Economics
2016-07-23
Articles for the coming RAE issue on New Austrian Macroeconomics are posted online. An early excerpt from Richard Wagner and Paul Lewis explain the contribution of each paper contained in the issue: In “Toward a New Austrian Macroeconomics,” Vipin P. Veetil and Lawrence H. White present a wide-ranging comparison of points of similarity and difference between their vision of a New Austrian...
The Comparative Advantage of Austrian Economics: Away from Positivism and Into Historical Time
2014-04-04
Since the Great Depression, Austrian economics has moved more in the direction of equilibrium theorizing than it had been previously (I have discussed these issues before, so I will spare you). Austrian economists have, to a far lesser extent, embraced germs of uncertainty inherent in Austrian methodology. Some exception include Ludwig Lachmann, Mario Rizzo,and Gerald O'Driscoll. And of course,...
Re: David Henderson: A Defense of Austrian Business Cycle Theory
2015-08-26
At EconLog David Henderson is asking: Question for Bob Murphy and other proponents of the Austrian Business Cycle Theory: is there any evidence conceivable that, if you believed it, would convince you that your theory is wrong? This was in response to Robert Murphy who David quotes: As shocking as these developments [drops in stock prices and increased volatility] may be to some analysts, those...