David L Prychitko
Northern Michigan University, Economics, Faculty Member
- Professor, Department of Economics, Northern Michigan University, Marquette, Michigan 49855 Ph.D. Economics, George... moreProfessor, Department of Economics, Northern Michigan University, Marquette, Michigan 49855
Ph.D. Economics, George Mason University 1989
M.A. Economics, George Mason University 1987
B.S. Economics, Northern Michigan University, 1984
Fulbright Grant recipient. Philosophical Faculty, University of Zagreb, Croatia (former Yugoslavia). January-July 1989. Postdoctoral research and professional development.
Junior Visiting Fellow, Program on Participation and Labor-Managed Systems, Department of Economics, Cornell University. August-December 1988edit
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I review the problems of labor-managed firms in their historical and largely socialist setting, and make a case for them in a freed market economy.
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Survey-level textbook in print since 1973.
Paul Heyne, Peter Boettke, and David L. Prychitko, The Economic Way of Thinking 13th ed. Pearson, 2014.
Paul Heyne, Peter Boettke, and David L. Prychitko, The Economic Way of Thinking 13th ed. Pearson, 2014.
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Collection of my essays on socialism, the welfare state, and anarchism, from an Austrian School perspective. David L. Prychitko, Markets, Planning, and Democracy: Essays after the Collapse of Communism. Cheltenham, UK and Northampton,... more
Collection of my essays on socialism, the welfare state, and anarchism, from an Austrian School perspective. David L. Prychitko, Markets, Planning, and Democracy: Essays after the Collapse of Communism. Cheltenham, UK and Northampton, MA: 2002.
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This book explores the humanistic and organizational sides of Marx and argues that a tension exists between his ideal of a radically democratic, self-managed socialist system and the organizational reality of hierarchical,... more
This book explores the humanistic and organizational sides of Marx and argues that a tension exists between his ideal of a radically democratic, self-managed socialist system and the organizational reality of hierarchical, centrally-planned socialism, both of which must fail.
David L. Prychitko, Marxism and Workers' Self-Management: The Essential Tension. Westport, CT: Greenwood Press, 1991.
David L. Prychitko, Marxism and Workers' Self-Management: The Essential Tension. Westport, CT: Greenwood Press, 1991.
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Book's introduction which questions Milton Friedman's claim that the disagreement among economists is largely over empirical, rather than theoretical, issues, and contains previously published essays by heterodox economists to bolster... more
Book's introduction which questions Milton Friedman's claim that the disagreement among economists is largely over empirical, rather than theoretical, issues, and contains previously published essays by heterodox economists to bolster that claim, including Ludwig Lachmann, Paul Davidson, Tony Lawson, Deirdre McCloskey, Warren Samuels, and Albert Hirschman, among others.
David L. Prychitko (ed.), Why Economists Disagree: An Introduction to the Alternative Schools of Thought. Albany, NY: SUNY Press, 1998.
David L. Prychitko (ed.), Why Economists Disagree: An Introduction to the Alternative Schools of Thought. Albany, NY: SUNY Press, 1998.
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A discussion of further readings in Austrian Economics, Post Keynesian Economics, Institutional Economics, and Radical Political Economy. from David L. Prychitko (ed.), Why Economists Disagree: An Introduction to the Alternative Schools... more
A discussion of further readings in Austrian Economics, Post Keynesian Economics, Institutional Economics, and Radical Political Economy.
from David L. Prychitko (ed.), Why Economists Disagree: An Introduction to the Alternative Schools of Thought. Albany, NY: SUNY Press, 1998.
from David L. Prychitko (ed.), Why Economists Disagree: An Introduction to the Alternative Schools of Thought. Albany, NY: SUNY Press, 1998.
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Collection of essays by Peter Boettke, Steve Horwitz, Don Lavoie, Richard Ebeling and G.B. Madison that applies hermeneutics and phenomenology to economic analysis of market processes. David L. Prychitko (ed.), Individuals, Institutions,... more
Collection of essays by Peter Boettke, Steve Horwitz, Don Lavoie, Richard Ebeling and G.B. Madison that applies hermeneutics and phenomenology to economic analysis of market processes.
David L. Prychitko (ed.), Individuals, Institutions, Interpretations: Hermeneutics Applied to Economics. Aldershot, UK: Avebury, 1995.
David L. Prychitko (ed.), Individuals, Institutions, Interpretations: Hermeneutics Applied to Economics. Aldershot, UK: Avebury, 1995.
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Market Process was an in-house journal of the Center for the Study of Market Process (the predecessor of the Mercatus Center) at George Mason University from 1983 to 1990. This piece provides an introduction to a collection of articles... more
Market Process was an in-house journal of the Center for the Study of Market Process (the predecessor of the Mercatus Center) at George Mason University from 1983 to 1990. This piece provides an introduction to a collection of articles from the journal, and offers a history of the development of Austrian economics, and in particular the role that the Center played in its resurgence during the 1980s.
Peter Boettke and David L. Prychitko (eds.) The Market Process: Essays in Contemporary Austrian Economics. Cheltenham, UK, and Northampton, Mass: Edward Elgar, 1994.
Peter Boettke and David L. Prychitko (eds.) The Market Process: Essays in Contemporary Austrian Economics. Cheltenham, UK, and Northampton, Mass: Edward Elgar, 1994.
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This introduction to a 2 volume set discusses Classical, Marxist, Austrian, and formal Neoclassical models of dynamic market processes. From Peter Boettke and David L. Prychitko (eds.) Market Process Theories Vol. I: Classical and... more
This introduction to a 2 volume set discusses Classical, Marxist, Austrian, and formal Neoclassical models of dynamic market processes.
From Peter Boettke and David L. Prychitko (eds.) Market Process Theories Vol. I: Classical and Neoclassical. Cheltenham, UK, and Northampton, Mass: Edward Elgar, 1998.
From Peter Boettke and David L. Prychitko (eds.) Market Process Theories Vol. I: Classical and Neoclassical. Cheltenham, UK, and Northampton, Mass: Edward Elgar, 1998.
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Contemporary Austrian‐school economists reject neoclassical welfare theory for being founded on the benchmark of a perfectly competitive general equilibrium, and instead favor a formal theory deemed consistent with the notions of radical... more
Contemporary Austrian‐school economists reject neoclassical welfare theory for being founded on the benchmark of a perfectly competitive general equilibrium, and instead favor a formal theory deemed consistent with the notions of radical subjectivism and disequilibrium analysis. Roy Cordato advances a bold free‐market benchmark by which to formally assess social welfare, economic efficiency, and externalities issues, as does Murray Rothbard. Like all formalist, a priori theory, however, Cordato's and Rothbard's reformulation cannot meet its own standards, being theoretically and empirically flawed, and perhaps ideologically suspect. Critical Review, 7 (4), 1993: pp. 567-592
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With the demise of socialism in Eastern Europe, the Western welfare state is treated as the unquestionable alternative by most intellectuals. They have yet to come to terms with what Claus Offe, the German sociologist, describes as the... more
With the demise of socialism in Eastern Europe, the Western welfare state is treated as the unquestionable alternative by most intellectuals. They have yet to come to terms with what Claus Offe, the German sociologist, describes as the contradictions of the welfare state and the persistent crises of crisis management. This paper critically assesses Offe's contribution in light of the recent reforms in “really existing socialism.”; The author contends that although Offe's neo‐Schumpeterian argument goes a long way toward explaining the present instability of the welfare state and the contradictions of state intervention in general, including that of the socialist‐interventionist state, Offe does not realize that his analysis casts into serious doubt the claim that the welfare state is a viable corrective to either unbridled markets or state socialism. Critical Review, 4 (2), 1990: pp. 619-632
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Kenneth E. Boulding was undoubtedly one of the most prolific economic and social thinkers of the twentieth century. Boulding published close to forty books and hundreds of articles in his academic career. His scholarship, which ranged... more
Kenneth E. Boulding was undoubtedly one of the most prolific economic and social thinkers of the twentieth century. Boulding published close to forty books and hundreds of articles in his academic career. His scholarship, which ranged from technical issues in capital theory to peace research and defense economics to evolutionary social theory, was also one of the most interesting among that of academics. Boulding was a bold social thinker, who not only tried to construct a unified theory of social science, but of knowledge in general. He was ...
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Entry in Peter J. Boettke (ed.), The Elgar Companion to Austrian Economics (Edward Elgar, 1994.)
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THE RANDLORDS by Geoffrey Wheatcroft. New York: Atheneum, 1986. 314 pp., 17.95.CAPITALISMANDAPARTHEID:SOUTHAFRICA,1910���1984byMerleLipton.Totowa,NJ:Rowman&Allanheld,1985.400pp., 19.95. THE ECONOMICS OF THE COLOUR BAR by WH Hutt.... more
THE RANDLORDS by Geoffrey Wheatcroft. New York: Atheneum, 1986. 314 pp., 17.95.CAPITALISMANDAPARTHEID:SOUTHAFRICA,1910���1984byMerleLipton.Totowa,NJ:Rowman&Allanheld,1985.400pp., 19.95. THE ECONOMICS OF THE COLOUR BAR by WH Hutt. London: Institute of Economic Affairs, 1964.
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Advances in Austrian Economics Vol. IV (JAI Press, 1997)
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All rights reserved. Printed in the United States of America. No part of this publication may be repro- duced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, or any information storage... more
All rights reserved. Printed in the United States of America. No part of this publication may be repro- duced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, or any information storage and retrieval system, without permission ...
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... and Eco-nomic Theory. In Advances in Austrian Economics, vol. 3, ed. PJ Boettke and D. L. Prychitko, 5-25. Greenwich, Conn.: JAI Press. . I997a. Expanding the Anarchist Range: A Critical Reappraisal of Rothbard's Con-tribution... more
... and Eco-nomic Theory. In Advances in Austrian Economics, vol. 3, ed. PJ Boettke and D. L. Prychitko, 5-25. Greenwich, Conn.: JAI Press. . I997a. Expanding the Anarchist Range: A Critical Reappraisal of Rothbard's Con-tribution to the Contemporary Theory of Anarchism. ...
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... Cordato's equivocation is evidenced in his repeated references to a hypothetical home owner, A, who stores junk cars in his back yard, upsetting his next-door neighbor, B. This hypothetical is first raised in order to explicate... more
... Cordato's equivocation is evidenced in his repeated references to a hypothetical home owner, A, who stores junk cars in his back yard, upsetting his next-door neighbor, B. This hypothetical is first raised in order to explicate Rothbardian welfare economics. ...
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First published 1994 by Routledge 11 New Fetter Lane, London EC4P 4EE This edition published in the Taylor & Francis e-Library, 2005. "To purchase your own copy of this or any of Taylor & Francis or Routledge's... more
First published 1994 by Routledge 11 New Fetter Lane, London EC4P 4EE This edition published in the Taylor & Francis e-Library, 2005. "To purchase your own copy of this or any of Taylor & Francis or Routledge's collection of thousands of eBooks please go to www.eBookstore. ...
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ABSTRACT The Edgeworth exchange diagram is a traditional tool of undergraduate microeconomic theory that depicts the mutually beneficial gains from voluntary trade. The authors take the analysis one step further. They identify the... more
ABSTRACT The Edgeworth exchange diagram is a traditional tool of undergraduate microeconomic theory that depicts the mutually beneficial gains from voluntary trade. The authors take the analysis one step further. They identify the buyer's and seller's surpluses that accrue to both trading parties in the Edgeworth diagram. This is a straightforward exercise that has not, however, been developed in microeconomics textbooks, an exercise that can further hone students’ understanding of the concept of buyer's and seller's surpluses and the notion of gains from voluntary exchange.
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Research Interests: Marketing and Philosophy
The Market Process presents a series of important and innovative articles written by economists of the Austrian School. Covering the gamut of economic issues, including equilibrium theory, free banking, public choice, and the problems of... more
The Market Process presents a series of important and innovative articles written by economists of the Austrian School. Covering the gamut of economic issues, including equilibrium theory, free banking, public choice, and the problems of contemporary social reform, the book is an ideal introduction to the diversity of contemporary Austrian economics and its innovative trajectory of research in the late twentieth century. Drawing upon essays published in the journal Market Process during the 1980s, this book reflects an extended dialogue over the value and limitations of Austrian economics. It makes available to a wider audience contributions by some of the leading figures in the field. At the cutting edge of interdisciplinary research, it incorporates the latest developments in areas overlooked by neoclassical economists including process analysis, methodological subjectivism, and phenomenological hermeneutics.
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Market process theory is principally concerned with explaining how the market moves towards a state of general economic equilibrium and how production and consumption plans become coordinated. Market Process Theories presents in two... more
Market process theory is principally concerned with explaining how the market moves towards a state of general economic equilibrium and how production and consumption plans become coordinated. Market Process Theories presents in two volumes the most important articles by leading economists which contribute to an understanding of the processes of economic coordination.
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Introduction: why hermeneutics?, David L. Prychitko. Part 1 Beyond economic man: methodological individualism and the Austrian school, David L. Prychitko individuals and institutions, Peter J. Boettke how individualistic is methodological... more
Introduction: why hermeneutics?, David L. Prychitko. Part 1 Beyond economic man: methodological individualism and the Austrian school, David L. Prychitko individuals and institutions, Peter J. Boettke how individualistic is methodological individualism?, G.B. Madison. Part 2 Institutional co-ordination - the interpretive dimension: interpretive reasoning and the study of social life, Peter J. Boettke co-operation in anonymity, Richard M. Ebeling Ludwig Lachmann and the interpretive turn in economics - a critical inquiry into the hermeneutics of the plan, David L. Prychitko. Part 3 New interpretations of the market process: the market as a procedure for the discovery and conveyance of inarticulate knowledge, Don Lavoie toward a hermeneutical economics - expectations, prices and the role of interpretation in a theory of the market process, Richard M. Ebeling monetary exchange as an extra-linguistic social communication process, Steven Horwitz.
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Livre: The Market Process: Essays in Contemporary Austrian Economics BOETTKE Peter J.Prychitko Davi.
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All rights reserved. Printed in the United States of America. No part of this publication may be repro- duced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, or any information storage... more
All rights reserved. Printed in the United States of America. No part of this publication may be repro- duced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, or any information storage and retrieval system, without permission ...
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This chapter discusses Don Lavoie's research on the socialist calculation debate and comparative economic systems and its impact on the profession. In Jack High (ed.), Humane Economics: Essays in Honor of Don Lavoie. Cheltenham,... more
This chapter discusses Don Lavoie's research on the socialist calculation debate and comparative economic systems and its impact on the profession. In Jack High (ed.), Humane Economics: Essays in Honor of Don Lavoie. Cheltenham, UK, and Northampton, Mass: Edward Elgar, 2006, pp. 47-63.
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The authors consider the contributions of Boulding to subjectivist economic thought.
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Producer Cooperatives and Labor-Managed Systems provides, for the first time, a careful selection of the most significant theoretical and empirical contributions to this burgeoning field, and promises to become a valuable research tool... more
Producer Cooperatives and Labor-Managed Systems provides, for the first time, a careful selection of the most significant theoretical and empirical contributions to this burgeoning field, and promises to become a valuable research tool and reference volume.