Economics is often used in literary studies, but rarely free market economics. Austrian economics, with its emphasis on subjective value (Menger), human action (Mises), spontaneous order and knowledge (Hayek), and entrepreneurship (Kirzner), seems a particularly fruitful source of ideas for literary studies.
Wednesday, December 7, 2011
Entrepreneurship, Austrian Economics, and the Quarrel Between Philosophy and Poetry
Here is an article from Tyler Cowen on "Entrepreneurship, Austrian Economics, and the Quarrel Between Philosophy and Poetry". The connections among entrepreneurship, Austrian economics, philosophy, and aesthetics he draws is precisely why I believe Austrian economics is the ideal economic theory for understanding literature. The fact that it related to so many aspects of the world, without being guilty of "economic imperialism" suggests its scientific accuracy.
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