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  1.  72
    Where Did Economics Go Wrong? Modern Economics as a Flight From Reality.Peter J. Boettke - 1997 - Critical Review: A Journal of Politics and Society 11 (1):11-64.
    Abstract F. A. Hayek's realistic economic theory has been replaced by the formalistic use of equlibrium models that bear little resemblance to reality. These models are as serviceable to the right as to the left: they allow the economist either to condemn capitalism for failing to measure up to the model of perfect competition, or to praise capitalism as a utopia of perfect knowledge and rational expectations. Hayek, by contrast, used equilibrium to show that while capitalism is not perfect, it (...)
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  2.  15
    What Went Wrong with Economics? Equilibrium as a Flight From Reality.Peter J. Boettke - 1997 - Critical Review: A Journal of Politics and Society 11 (1):11-64.
    F. A. Hayek's realistic economic theory has been replaced by the formalistic use of equlibrium models that bear little resemblance to reality. These models are as serviceable to the right as to the left: they allow the economist either to condemn capitalism for failing to measure up to the model of perfect competition, or to praise capitalism as a utopia of perfect knowledge and rational expectations. Hayek, by contrast, used equilibrium to show that while capitalism is not perfect, it contains (...)
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  3. Exploring the Political Economy and Social Philosophy of F. A. Hayek.Peter J. Boettke, Virgil Henry Storr & Jayme Lemke (eds.) - 2018 - Rowman & Littlefield International.
    This volume critically explore and extend Hayek's Nobel Prize-winning work on knowledge and social interconnectedness from the disciplines of law, economics, philosophy, anthropology, political science, and history. Hayek's insights about knowledge become even more important once it is recognized that nothing in the social world occurs in isolation. There is no such thing as a distinct economic, political, or social sphere--they are inextricably intertwined. Given the range of both Hayek's work and the contributing authors' perspectives, the range of topics covered (...)
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  4.  21
    The Soviet Experiment with Pure Communism∗.Peter J. Boettke - 1988 - Critical Review: A Journal of Politics and Society 2 (4):149-182.
    Following the October Revolution of 1917 the Bolsheviks embarked upon a series of initiatives in order to bring about a socialist economic order. Traditional accounts of these events?"War Communism?; and the New Economic Policy?are deficient in two respects. First, they do not consider the policy implications of early twentieth?century Marxism. Second, they do not appreciate the economic coordination problems such policies would, and did, encounter. As a result, the standard account of early Soviet socialism is distorted. This paper attempts to (...)
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  5.  39
    Still Impossible After All These Years: Reply to Caplan.Peter J. Boettke & Peter T. Leeson - 2005 - Critical Review: A Journal of Politics and Society 17 (1-2):155-170.
    Abstract Socialism is strictly ?impossible.? Its impracticability is not, as Bryan Caplan has suggested, a ?quantitative? matter, nor does he show that real?world socialism's incentive problems outweighed its informational ones. Caplan's criticism of Ludwig von Mises's critique of the ?possibility? of socialism fails to appreciate what he meant by ?socialism? and misunderstands Mises's argument about economic calculation. History, too, suggests that socialism's informational deficiency was the most significant problem facing those who tried to implement socialism.
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  6.  26
    The Failed Appropriation of F. A. Hayek by Formalist Economics.Peter J. Boettke & Kyle W. O'Donnell - 2013 - Critical Review: A Journal of Politics and Society 25 (3-4):305-341.
    Hayek argued that the central question of economics is the coordination problem: How does the spontaneous interaction of many purposeful individuals, each having dispersed bits of subjective knowledge, generate an order in which the actors' subjective data are coordinated in a way that enables them to dovetail their plans and activities successfully? In attempting to solve this problem, Hayek outlined an approach to economic theorizing that takes seriously the limited, subjective nature of human knowledge. Despite purporting to have appropriated Hayek's (...)
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  7.  2
    Socialism: Still Impossible After All These Years.Peter J. Boettke & Peter T. Leeson - 2005 - Critical Review: A Journal of Politics and Society 17 (1-2):155-170.
    Socialism is strictly “impossible.” Its impracticability is not, as Bryan Caplan has suggested, a “quantitative” matter, nor does he show that real‐world socialism's incentive problems outweighed its informational ones. Caplan's criticism of Ludwig von Mises's critique of the “possibility” of socialism fails to appreciate what he meant by “socialism” and misunderstands Mises's argument about economic calculation. History, too, suggests that socialism's informational deficiency was the most significant problem facing those who tried to implement socialism.
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  8. Institutions and Individuals.Peter J. Boettke - 1990 - Critical Review: A Journal of Politics and Society 4 (1-2):10-26.
     
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  9. The Legacy of FA Hayek.Peter J. Boettke - 2000 - Politics, Philosophy, and Economics 3.
     
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  10. The Oxford Handbook of Austrian Economics.Peter J. Boettke & Christopher J. Coyne (eds.) - 2015 - Oxford University Press USA.
    The Austrian School of Economics is an intellectual tradition in economics and political economy dating back to Carl Menger in the late-19th century. Menger stressed the subjective nature of value in the individual decision calculus. Individual choices are indeed made on the margin, but the evaluations of rank ordering of ends sought in the act of choice are subjective to individual chooser. For Menger, the economic calculus was about scarce means being deployed to pursue an individual's highest valued ends. The (...)
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  11.  11
    Is the Market Wage the Just Wage?Peter J. Boettke, Rosolino Candela & Kaitlyn Woltz - 2018 - Erasmus Journal for Philosophy and Economics 11 (2):124-143.
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  12.  12
    Schumpeter, Socialism, and Irony.Peter J. Boettke, Solomon M. Stein & Virgil Henry Storr - 2017 - Critical Review: A Journal of Politics and Society 29 (4):415-446.
    ABSTRACTSchumpeter’s theory of socialism pivots on his response to Ludwig von Mises’s claim that rational economic calculation is “impossible” in a socialist economy. Mises held that because socialism eliminates market prices for the means of production, it is impossible under socialism to know the relative scarcities of productive inputs, and thus to determine rationally which of any number of technologically feasible production projects to pursue. Schumpeter appears to assume away Mises’s epistemic concerns about socialism by contending that it is theoretically (...)
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  13.  52
    Obituary. Don Lavoie (1950–2001).Peter J. Boettke - 2004 - Journal of Economic Methodology 11 (3):377-379.
  14.  4
    How Bad Scholarship Destroys Literary and Economic Analysis.Peter J. Boettke - 2020 - Journal of Ayn Rand Studies 20 (1):74.
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  15.  12
    Kirznerian Entrepreneurship and The Economics of Science.Peter J. Boettke & William N. Butos - 2002 - Journal des Economistes Et des Etudes Humaines 12 (1).
    The paper distinguishes two types of entrepreneurial activity in terms of their institutionally relevant contexts. Type 1 entrepreneurship refers to catallactic activity in which coordinating mechanisms, operating via the exchange of property rights, generates market prices. We identify Type 2 entrepreneurship with noncatallactic processes.The paper argues that scientific activity, despite exhibiting characteristics congenial to the economic way of thinking, cannot be generally studied as a catallactic process under prevailing institutional arrangements. Recent changes in the institutional context of science, however, suggest (...)
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  16.  11
    Entry and Entrepreneurship: The Case of Post-Communist Russia.Bridget I. Butkevich & Peter J. Boettke - 2001 - Journal des Economistes Et des Etudes Humaines 11 (1).
    Boettke and Butkevich argue that a vibrant society is an entrepreneurial society. Entrepreneur- ial effectiveness is a function of the free movement of economic actions – their alertness to opportunities for mutual gain, and their sense of when and where to enter and exit a market. Boettke and Butkevich focus not so much on the behavior of entrepreneurship, but the institutional conditions within which entrepreneurship takes place. They argue that policies which hinder the above ground legitimate expression of entrepreneurial discovery (...)
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  17.  53
    From the Philosophy of Mind to the Philosophy of the Market.Peter J. Boettke & J. Robert Subrick - 2002 - Journal of Economic Methodology 9 (1):53-64.
    John Searle has argued against the viability of strong versions of artificial intelligence. His most well-known counter-example is the Chinese Room thought experiment where he stressed that syntax is not semantics. We reason by analogy to highlight previously unnoticed similarities between Searle and F.A. Hayek's critique of socialist planning. We extend their insights to explain the failure of many reforms in Eastern Europe in the 1990's.
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  18.  19
    “The Soviet Experiment with Pure Communism”: Rejoinder to Nove.Peter J. Boettke - 1991 - Critical Review: A Journal of Politics and Society 5 (1):123-128.
  19.  49
    Formalism and Contemporary Economics: A Reply to Hausman, Heilbroner, and Mayer.Peter J. Boettke - 1998 - Critical Review: A Journal of Politics and Society 12 (1-2):173-186.
    Abstract Economic formalism crowds out the analysis of change and adjustments to change under capitalism. The style of analytical narrative that was practiced by the first generation of neoclassical economists, in contrast, is more productive of genuine economic understanding. Despite Daniel Haus?man's challenging argument to the contrary, I maintain that Joseph Stiglitz's work is formalist at its core. While I agree with Robert Heilbroner's critique of contemporary economics, there is a limited sense in which nonformalist economics can rely on universalistic (...)
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  20.  7
    The Liberty of Progress: Increasing Returns, Institutions, and Entrepreneurship.Peter J. Boettke & Rosolino A. Candela - 2017 - Social Philosophy and Policy 34 (2):136-163.
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  21.  7
    Publications of Israel M. Kirzner.Neelkant S. Chamilall, Roxane Perrier-Collin & Peter J. Boettke - 2002 - Journal des Economistes Et des Etudes Humaines 12 (2).
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  22.  5
    An Austrian Perspective on the History of Economic Thought Vol. I and Vol. II.Peter J. Boettke - 2003 - Journal des Economistes Et des Etudes Humaines 13 (2).
  23.  23
    Individuals and Institutions.Peter J. Boettke - 1990 - Critical Review: A Journal of Politics and Society 4 (1-2):10-26.
    ECONOMICS AND INSTITUTIONS: A MANIFESTO FOR MODERN INSTITUTIONAL ECONOMICS by Geoffrey Hodgson Philadelphia: University of Pennsylvania Press, 1988. 365pp., $39.95 Traditional institutional economics argued that the methodological individualism of both classical and neoclassical economics was grounded in a false conception of human nature and a pre?scientific understanding of economic life. Geoffrey Hodgson has provided a restatement of this position and extended the institutionalist critique to modern developments within economics at both a positive and normative level. In the course of doing (...)
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  24.  4
    The Many Faces of the Market.Peter T. Leeson, Christopher J. Coyne & Peter J. Boettke - 2004 - Journal des Economistes Et des Etudes Humaines 14 (2).
    While markets are all around us, not all markets are the same. Markets come in a variety of colors based on the legality of activities in the specific market. As such, there is no market economy per se, but instead various shades of markets. The different shades of markets that are evidenced in practice directly depend on the institutional environment that makes certain activities legal or illegal. Shifts in the institutional environment are a result of entrepreneurial activity over the rules (...)
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  25.  10
    The Reform Trap in Economics and Politics in the Former Communist Economies.Peter J. Boettke - 1994 - Journal de Economistes Et des Etudes Humaines 5 (2-3):267-294.
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