Subjectivism and Economic Analysis: Essays in memory of Ludwig ...

INDEX—output ratio 116; stock 107,169; -using economy 166–70capital goods 151–4, 166–8, 172,176–8Capital and its Structure(Lachmann) 3, 9, 10, 165, 169,178, 184–6carrying costs 10Cartesian rationalism 67Cartesian subject 8, 40, 57Caserta, M. 9, 105, 106cash (bull-bear position) 187,193–5catallactics 18–20causal explanations 50–1, 63, 87,89–91, 94, 95causality 41ceilings (in price system) 171–2,174, 175Chandler, A.D. 25change: discontinuous 108, 109,111; endogenous 9, 104–22,135–6; exogenous 105–7,114–16, 121; incremental 108,111; nature of 106–8; theory of20Chick, V. 9, 105, 106choice 130, 177; logic of 88, 91;rational 14–15, 28, 31, 37–8,43–4, 45, 54class conflict 120closures 115–17co-ordination 13, 16–17, 19, 21,77; function (of market) 7, 14,26–8, 64; pattern 135–6, 144–5; plan 134, 135, 144, 171,173; social 144, 145Coddington, A. 33Colander, D. 3competition 17, 19, 27, 73–4, 75,137complementarity 152–8, 166–70,172conception, understanding and 66constrained maximisation 129,131constrained optimisation 131, 134consumer goods 27, 149, 151,174, 175–6consumption 28contingencies 130contract law 148, 155, 156conventional evaluation 193conventions 22, 23convergence 23convergent expectations 10, 184,186, 187, 194, 196corporate governance 26cost-benefit analysis 17credit 23, 65, 71, 174, 175Davidson, D. 36decision theory 134; rationalignorance 127–33decomposability 22deductions, 35, 40, 42desires 42–3, 44, 45–6, 85–6discontinuous change 108, 109,111discursive reasoning 66disequilibrium 20, 112dispositional expectations 62, 74,75, 76–7distributional problems 114–15divergent expectations 10, 26–7,183–4, 186–8, 194, 196–7diverse opinion, equity prices and188–96, 197division of labour 16, 22, 26Donzelli, E 133Dowd, K. 157Dutt, A.K. 115–16, 121Ebeling, R.M. 42, 45economic agents 109–11economic analysts 109–11economic decisions (rationalignorance) 127–33economic growth 105, 106economic institutions 133–8economic order 133–8, 143economics: history and (Mises andLachmann) 32–4; subjectivismin 8, 12–29Economics and Hermeneutics(Lavoie) 164Economics of Time andIgnorance, The (O’Driscoll andRizzo) 164efficiency 64, 74, 75–6202