Quarterly Journal of Austrian Economics

Monopolistic Competition and Macroeconomic Theory by Robert Solow

The Quarterly Journal of Austrian Economics
Downloads

 

Volume 2, No. 4 (Winter 1999)

 

Solow seems to have no conception of human action as a process of plan coordination, although he uses Austrian-sounding language at one point in discussing "coordination failure" in the marketplace.  He sees the job of the economist as the construction of obtuse mathematical theories to ostensibly explain this alleged "failure," but not to inquire how market participants act to overcome coordination problems. He doesn't appear to be the least bit interested in how markets actually work; only to "model" them as inherently "flawed" in order to stroke his own ideological predilections.

All Rights Reserved ©
What is the Mises Institute?

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. 

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.

Become a Member
Mises Institute