Israel Kirzner's Use of Narratives to Illuminate the Limitations of Neoclassical Economics and the Austrian Alternative
Bibliographic Data
| ID | 4297849 |
|---|---|
| Authors | Lucas Casonato (0000-0003-1280-3049, Pontifícia Universidade Católica do Paraná, corresponding author) |
| Year | 2023 |
| Volume | 55 |
| Issue | 3 |
| Pages | 523-547 |
| Publication date | 2023-06-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | History of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0018-2702 • E-ISSN: 1527-1919 |
| Publisher | Duke University Press (PUBLISHER • US) |
| DOI | 10.1215/00182702-10438925 |
| OpenAlex | W4324103081 |
| Language | EN |
| Citations received | 1 |
| References cited | 22 |
This article investigates how Israel Kirzner approached mainstream economists with his view of the Austrian theory. It discusses the role of narrative elements in Kirzner's theory in his use of stories to illuminate ideas in entrepreneurship, the theory of the firm, and the knowledge problem. This article argues that the use of narrative made Kirzner's theory more open to dialogue without tying him to the scientific demarcation criteria used in mainstream economics. The scientific narratives in Kirzner's work allow him to (i) emphasize the logical order of economic phenomena, (ii) highlight causal mechanisms in economic theory, (iii) make some generalizations but without perfect predictions with economics, (iv) explore different scenarios from contingent events in the economy, and (v) illustrate economic ideas with fictional but plausible cases. The article concludes that these narrative aspects help Kirzner illuminate the limitations of neoclassical economics and offer an alternative perspective based on the entrepreneurial state of "alertness" from an Austrian point of view
Austrian School · Economics · Entrepreneurship · Mainstream · Microeconomics · Narrative · Neoclassical economics · Order (exchange · Political science · Positive economics · Sociology · Tying · Economic Theory and Institutions · Economic Theory and Policy · Law · Philosophy · Political Economy and Marxism
Market Theory and the Price System
Individualism and Economic Order
Kirzner e a tentativa de aproximação da Escola Austríaca com outras abordagens
Principles of Economics
O Ressurgimento da Escola Austríaca e a Teoria de Processo de Mercado
Competition, Economic Planning, and the Knowledge Problem
Process tracing in political science
Narrative science and narrative knowing. Introduction to special issue on narrative science
Narrative ordering and explanation
In defence of story-telling
Narrative possibility and narrative explanation
The Roles of Possibility and Mechanism in Narrative Explanation
The Economics of Information
Method, Process, and Austrian Economics
Adam Smith's use of multiple references for his pin making example
"The Market for "Lemons
| Unique citing works | 1 |
|---|---|
| Citations per year | 0,33 |
| Citation span | 2023 - 2023 (1) |
| Citation velocity | historical |
| Highly cited | No |