"To defend the truth, to articulate it with humility and conviction, and to bear witness to it in life are therefore exacting and indispensable forms of charity."

H. H. Benedict XVI. Caritas in Veritate Encyclical. June 29, 2009

Thursday, September 26, 2013

Agent theory versus micro theories

One of the main contributions of Austrian economics in general and of Mises in particular is the underlying general agent theory which is behind the mere specializations of consumer theory and producer theory. This one logic is far less clear in the economics of Marshall which of course is which is viewed today as standard micro theory.
Posted by at 9:32 PM
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