Dynamic coordinating non-equilibrium

Santiago J. Gangotena

Producción científica: Contribución a una revistaArtículorevisión exhaustiva

1 Cita (Scopus)


Neo-Walrasian conceptualizations and DSGE models are incompatible with the emergence of coordination and discoordination in economic activity. While many conceptualizations stemming from the Austrian tradition are generally consistent with these fundamental problems, their process driven approach is hampered by the use of equilibrium constructs. This paper argues for the adoption of formal models that avoid this problem by addressing the following questions. Why should Austrian macroeconomists model? Where do models fit in with respect to pure and applied theory? How to model without equilibrium? To answer this final question I present a structure that aids in the construction and communication of such models.

Idioma originalInglés
Páginas (desde-hasta)51-82
Número de páginas32
PublicaciónReview of Austrian Economics
EstadoPublicada - 1 mar. 2017


Profundice en los temas de investigación de 'Dynamic coordinating non-equilibrium'. En conjunto forman una huella única.

Citar esto