Ludwig von Mises
Praxeology and Economics Page
October 4, 2002
This page contains my unpublished working papers and essays on various aspects of Ludwig von Mises's praxeology and economics. There are also a few links to other essays on Ludwig von Mises that appear on the web. A list of my published essays is also included. Writers of papers on Mises are welcome to submit them for publication on these pages. Or, if you prefer, I will be happy to link to your own pages. Just drop me a line.
Gunning's Unpublished Essay Titles
(Abstracts of most of these papers are on my praxeological economics homepage .)
Mises on the Aim and Method of Economics
Mises on Economics, Ideology, World View and the Aim of Economics
Rothbard's Misunderstanding of Mises's Value-Free Economics
The Old and the New Subjectivism
Mises's Logical Concept of Equilibrium
Mises in Relation to Other Writers on the Idea of the Entrepreneur Role as Distinctly Human Action
Ludwig von Mises's Contribution to Interest Theory
Menger's and Mises's Non-Material Capital Theory and Loan Market Theory
A Misesian Critique of Austrian Welfare Economics
The New Subjectivist Economic Theory and Public Finance
Links to Other Web Writings on Mises
● On Line Articles from the Mises Institute (contains a mix of articles on Mises and other subjects in Austrian Economics, some more accurate than others)
Gunning's Published Papers and Books
Papers
"The Property System in Austrian Economics." Review of Austrian Economics. 13:2 , Summer, 2000: 179-195.
"Roy Cordato's 'Austrian' Critique of Coase on Social Cost." Review of Austrian Economics. 13:2, Summer, 2000: 214-223.
"New Subjectivist Economic Theory and Public Finance." Public Finance and Management.1: 3, 2001.
"Ludwig von Mises's Transformation of the Austrian Theory of Value and Cost," History of Economics Review, No. 26 Winter-Summer, 1997.
"The Theory of Entrepreneurship in Austrian Economics," in Keizer, W., Tieben B. and R. Van Zijp (eds.), Austrians in Debate, London, Routledge, 1997.
"The New Subjectivist Elucidation of Entrepreneurship," Entrepreneurship, Innovation, and Economic Change, Vol. 1, No. 3, September, 1992.
"Praxeology, Economics, and Ethical Philosophy," in Ebeling, Richard M. (ed.), Austrian
Economics: Perspectives on the Past and Prospects for the Future, Hillsdale, Michigan:
Hillsdale College Press, 1991.
"Professor Caldwell on Ludwig von Mises' Methodology," Review of Austrian Economics,
Vol. 3, 1988.
"Ludwig von Mises on the Evenly Rotating Economy," Review of Austrian Economics, Vol.
3, 1988.
"The Methodology of Austrian Economics and Its Relevance to Institutionalism,"
American Journal of Economics and Sociology, January, 1986.
"Causes of Unemployment: The Austrian Perspective," History of Political Economy,
Summer, 1985.
Books:
The Failure of the New Subjectivist Revolution: A Critical Essay on the Economic Theory of Ludwig von Mises's Economics, Fort Myers, Fl. and Taipei, Taiwan: Nomad Press, 1994.
Ludwig von Mises was the last internationally recognized head of the "Austrian" school of economics. This book maintains that he identified the epistemological foundation for economics that should have led to a second subjectivist revolution. But this revolution never occurred. Why? The author seeks the answer in Mises's own writings about the market economy. He argues that after introducing the methodology needed to revolutionize economic theory, Mises sabotaged his own enterprise by using concepts and definitions that were inconsistent with his methodological contribution. In the course of making this argument, the author summarizes the new subjectivism and lays out three principles of subjectivism described by social theorist Alfred Schuetz. He then proceeds to thoroughly analyze Mises's artificial constructs of economies, his definition of the market economy, the entrepreneur, profit, and the market process. He also assesses Mises's assumption about property rights and the tendency toward equilibrium.
Price: US$50
The New Subjectivist Revolution: An Elucidation and Extension of Ludwig von Mises's Contribution to Economic Theory, Totowa, New Jersey: Rowman & Littlefield, 1990. Now at Fort Myers, Fl. and Taipei, Taiwan: Nomad Press, 1990.
This book reviews Austrian Economist Ludwig von Mises's seminal contributions to economic methodology and to our understanding of the concepts of equilibrium, the entrepreneurs, profit and loss, saving, interest, and coordination. According to Mises the main goal of economics is to elucidate entrepreneurship, the procedures human actors use to cause the economic functions of production, consumption, saving, and factor-supplying to be performed in a market economy. The book describes Mises's new subjectivism and identifies and clarifies many of the concepts that appear elusive in Mises's Human Action. Following Mises, it shows how the new subjectivism is derived from the old subjectivism, or the subjective theory of value, and how it is a revolution against both positivism and elitism in economics. It goes on to extends Mises's new subjectivism in several ways. It presents a systematic discussion of the characteristics of entrepreneurship, it examines the complex and neglected relationship between saving and uncertainty-bearing; it presents clear and unequivocal definitions and illustrations of the concepts of profit and loss, which play a major role in any effort to elucidate entrepreneurship. And it outlines economic teleology, a method of elucidating entrepreneurship that was only implicit inHuman Action.
Price: US$50
How To Order Books
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Gunning’s Address
J. Patrick Gunning
Professor of Economics/ College of Business
Feng Chia University
100 Wenhwa Rd, Taichung
Taiwan, R.O.C.
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Email: gunning@fcu.edu.tw