Bookcover of Austrian Economics as a Basis for a General Marketing Theory
Booktitle:

Austrian Economics as a Basis for a General Marketing Theory

Potentials and Limitations

VDM Verlag Dr. MŸller Aktiengesellschaft & Co. KG (2008-03-18 )

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ISBN-13:

978-3-8364-8291-2

ISBN-10:
3836482916
EAN:
9783836482912
Book language:
English
Blurb/Shorttext:
In the field of marketing a number of theories compete for recognition, academic support and theoretical credibility. It follows that research on marketing is highly fragmented. The work at hand is a study on possibilities and obstacles of "Austrian economics" - which emphasises the coordinating role of information (mostly via price-signals) in dynamic markets - as a general marketing-theory. The aim of this book is threefold: Firstly, to show different concepts and problems of marketing and marketing-theory; secondly, to discuss epistemological principles and criteria towards marketing theories in general and Austrian economics in particular; finally, to apply epistemological criteria on Austrian economics. It is found that in spite of its epistemological weaknesses in regard to Popper's criteria, Austrian economics offers important insights for marketing theory in regard to its descriptive and explicative properties. For instance, without marketing, the market process would come to a halt in a state of disequilibrium. Thus, it is the informational role of marketing that improves the choices of alert consumers and helps the market to reach equilibrium.
Publishing house:
VDM Verlag Dr. MŸller Aktiengesellschaft & Co. KG
By (author) :
Philipp Broeckelmann
Number of pages:
92
Published on:
2008-03-18
Stock:
Available
Category:
Advertisement, marketing
Price:
49.00 €
Keywords:
Marketing-theory, Austrian economics, Marketing, market process, Kirzner, Mises, Hayek

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