Quarterly Journal of Austrian Economics
Author:
Christopher Brown
Mark Thornton
Online Publish Date:
The anti-mercantilists’ galvanizing force was their opposition to the mercantilist policies of the ruling elite. They were like the Scholastics in that they were paribus assumption, closed- and open-economy models, as well as methodological innovations like the separation of positive and normative economics. We argue that as one goes from pure theory to economic analysis and the construction of economic policy. Economic models that exclude entrepreneurship will likely have important