Uncertainty in Economic Thought edited by Christian Schmidt

 

Volume 2, No. 4 (Winter 1999)

 

In this article, we will attempt to demonstrate that the Austrian method of dealing with both theory and history is informed by its perspective on uncertainty as the core concept uniting the various characterizations of Austrian thought.  Furthermore, we will argue that the Austrian School, among modern schools of thought, possesses the most realistic perspective on uncertainty and its role in the functioning of the economic system.

The Equations of Mathematical Economics and the Problem of Economic Calculation in a Socialist State

Volume 3, No. 1 (Spring 2000)

[EDITOR’S NOTE: Ludwig von Mises published a French language version of this paper, translated from German by Gaston Leduc, in Revue d’économie politique in 1938 (97, no. 6:899–906). Mises himself wrote this English language version which was previously unpublished. In this article, he discusses the different elements of the case against using mathematical equations to solve the problem of economic calculation in socialism that were advanced by himself and F.A. Hayek.