Reply To: Methodology of Economics – Austrians vs. Neo-classical

#18132
jmherbener
Participant

Here’s an introduction to game theory. It highlights the lack of affinity between games and human action in the world.

http://www.econlib.org/library/Enc/GameTheory.html

Mises makes the same point in human action, pp. 115-117.

http://mises.org/Books/humanaction.pdf

Here are a few articles on game theory and Austrian economics.

http://mises.org/journals/scholar/Fossgame.PDF

http://mises.org/journals/qjae/pdf/qjae12_3_2.pdf

As far as I know, Rothbard did not endorse game theory. In fact, he solicited a critique of game theory for a lecture at an early 1990s Mises University.

Here is Lucas Engelhardt’s talk on Game Theory at Mises University last summer.

http://mises.org/media/8024/Entrepreneurs-vs-Game-Theory