A critique of definitions in economics from an Austrian perspective: macroeconomics. Issue 1 (16th May 2016)

• Record Type: Journal Article
• Authors: Davidson, Laura; Block, Walter E
• Is Part Of: Journal of economic and administrative sciences. Volume 32:Issue 1(2016)
• Page Start: 2
• Page End: 19
• Publication Date: 2016-05-16
• Subjects: Business education -- Finance and banking; Industrial management -- Periodicals; Economics -- Periodicals; Industrial management -- Arab countries -- Periodicals; Economics -- Arab countries -- Periodicals; 330.05
• DOI: 10.1108/JEAS-08-2015-0028
• Languages: English
• ISSNs: 1026-4116

Abstract

Abstract : Purpose: – The purpose of this paper is to clarify definitions in economics. Design/methodology/approach: – To apply the insights of Austrian economics to terms widely used in the profession. Findings: – The authors find that the Austrian approach brings clarification to communication. Originality/value: – The authors know of no other such attempt. Therefore this paper presumably has some originality.