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Examines the post-1970s area of the Austrian economic tradition, from its revival to its contemporary directions and development. The book comprises texts on the relationship of Austrian economics to Institutionalism, Evolution, and Post-Keynesian economics to present a look at "the way forward".
Proceedings of a conference sponsored by the Institute for Humane Studies and held at Royalton College, South Royalton, Vt., in June 1974. Includes index. Bibliography: p. 224-227.
Examines the post-1970s area of the Austrian economic tradition, from its revival to its contemporary directions and development. The book comprises texts on the relationship of Austrian economics to Institutionalism, Evolution, and Post-Keynesian economics to present a look at "the way forward".
Examines the post-1970s area of the Austrian economic tradition, from its revival to its contemporary directions and development. The book comprises texts on the relationship of Austrian economics to Institutionalism, Evolution, and Post-Keynesian economics to present a look at "the way forward".
When we first invited the group of distinguished scholars represented here to contribute to a new volume on Austrian economics, four themes were stressed: tensions, new directions, selectivity, and criticism. In this brief introduction we will explain why those themes were emphasized and thereby shed light on our intentions and aspirations for the volume. The subtitle "Tensions and New Directions" indicates clearly the intent of the volume desired. If we take the 1871 publication of Carl Menger's Principles of Economics (Grundsiitze der Volkswirthschaftslehre) as mark ing its birth, the Austrian tradition is now well over one hundred years old. The origins of the so-called "Austrian Revival" are more difficult to pinpoint precisely, but many would accept two decades as a reasonable estimate of its lifespan. In any case, since the mid-1970s several collections of articles written by Austrians have been published. The intent of these collections appeared to be to educate, persuade, and inspire various audiences. Uninformed readers needed to be told about the specifics of the Austrian position, to be shown how it differed from and improved upon its rivals. The initiated needed to be reassured that their commitment to a novel program was justified. As such, much of the recent Austrian literature has consisted either of exegetical accounts of the views of past figures, or of critical assessments of the positions of alternative research programs in economics from an Austrian perspective.
Here, leading economists explore whether Austrian economics is still relevant today. Starting with Peter Boettke’s lead essay, “What is Wrong with Austrian Economics?”, chapters include an array of perspectives responding to this question, ranging from economics, to intellectual history, to political science, and to philosophy.
This book, the second of two volumes, provides a comprehensive overview of the core topics within Austrian economics. With a focus on macroeconomics, it explores foundational ideas within Austrian economics, including monetary and banking theory, law, capital theory, business cycles, the relationship between the market and the state, and interventionism. These ideas are contextualized within the history of economic thought, in particular the work of Ludwig von Mises. The Keynesian system, reform to the banking system, wages, social order, fiscal policy, and the political economy of ethics are also discussed. This book offers an accessible and engaging synthesis of Austrian economics that redefines the topic within modern economics. It will be relevant to students and researchers interested in Austrian economics and the political economy. Jesús Huerta de Soto is Professor of Economics at the King Juan Carlos University and a Senior Fellow at the Mises Institute.
Contemporary Methods and Austrian Economics, examines the relationship between Austrian economics and these new social scientific methods.
Austrian economics is often criticized as being hostile to empirical research and seen purely as an ideology. In contrast, the purpose of this book is to show that Austrian economics provides an interesting approach to most conceivable subjects in economics. Edited by Jürgen G. Backhaus, this comprehensive volume includes Austrian analysis of: health economics labour economics taxation business cycle theory property rights. Contributors include Roger Koppl, Bart Nooteboom, Larry Moss, Dick Wagner and Gerrit Meijer, and this significant book will prove invaluable to students of economics and will make interesting reading for applied economists in any area of application.