Abstract

Market process approach also known as disequilibrium view of markets is associated with the writings of Ludwig von Mises, Friedrich A. Hayek, Israel M. Kirzner, and other Austrian School economists. The objectives of this study are: (1) to explain the meaning of market process in Austrian economics; (2) to assess methodologically and epistemologically the market process approach of Austrian School economists; (3) to briefly pinpoint the main differences between equilibrium analysis and disequilibrium view of the markets.

Presenters

Ionela Baltatescu
PhD Student, Social and Law Sciences, Rey Juan Carlos University

Details

Presentation Type

Virtual Lightning Talk

Theme

Social and Community Studies

KEYWORDS

market, process, methodology

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