Austrian Economics Newsletter
Author:
Alexander Tabarrok
Online Publish Date:
Volume 12, Number 1 (Fall 1990) The method of Austrian economics stresses the use of words and concepts rather than mathematics, but, unlike mathematics, words and concepts change their meaning through time. That f ‘(x) < 0 implies a negatively sloping curve was as clear. to Newton as it is to a modern mathematical economist. The meaning Carl