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- Title
The exchange paradigm: Where to now?
- Authors
Kohn, Meir
- Abstract
This essay restates the main conclusions of “Value and Exchange,” discusses three possible directions of research that flow from it, and evaluates their likely impact on the economics profession. The three directions are (1) the application of the distinction between value paradigm and exchange paradigm to the elucidation of the history of economic thought, (2) formal theorizing within the framework of the exchange paradigm, and (3) empirical work informed by the insights of the exchange paradigm.
- Subjects
VALUE (Economics); EXCHANGE; ECONOMICS; THEORY; RESEARCH
- Publication
Review of Austrian Economics, 2007, Vol 20, Issue 2/3, p201
- ISSN
0889-3047
- Publication type
Essay
- DOI
10.1007/s11138-007-0020-6