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Author: Robert Wenzel
Publisher: Lulu.com
Published: 2014-06-24
Total Pages: 131
ISBN-13: 131222827X
DOWNLOAD EBOOKAn important analysis of business cycle theory, what causes economic booms and busts and what options are available to combat them.
Author: Ludwig Von Mises
Publisher: Ludwig von Mises Institute
Published: 1978
Total Pages: 130
ISBN-13: 1610164997
DOWNLOAD EBOOKAuthor: Peter J. Boettke
Publisher:
Published: 2015
Total Pages: 833
ISBN-13: 0199811768
DOWNLOAD EBOOKThe Austrian School of Economics is an intellectual tradition in economics and political economy dating back to Carl Menger in the late-19th century. Menger stressed the subjective nature of value in the individual decision calculus. Individual choices are indeed made on the margin, but the evaluations of rank ordering of ends sought in the act of choice are subjective to individual chooser. For Menger, the economic calculus was about scarce means being deployed to pursue an individual's highest valued ends. The act of choice is guided by subjective assessments of the individual, and is open ended as the individual is constantly discovering what ends to pursue, and learning the most effective way to use the means available to satisfy those ends. This school of economic thinking spread outside of Austria to the rest of Europe and the United States in the early-20th century and continued to develop and gain followers, establishing itself as a major stream of heterodox economics. The Oxford Handbook of Austrian Economics provides an overview of this school and its theories. The various contributions discussed in this book all reflect a tension between the Austrian School's orthodox argumentative structure (rational choice and invisible hand) and its addressing of a heterodox problem situations (uncertainty, differential knowledge, ceaseless change). The Austrian economists from the founders to today seek to derive the invisible hand theorem from the rational choice postulate via institutional analysis in a persistent and consistent manner. Scholars and students working in the field of History of Economic Thought, those following heterodox approaches, and those both familiar with the Austrian School or looking to learn more will find much to learn in this comprehensive volume.
Author: Jesús Huerta de Soto
Publisher: Ludwig von Mises Institute
Published: 2006
Total Pages: 938
ISBN-13: 1610163885
DOWNLOAD EBOOKAuthor: Ludwig Von Mises
Publisher: Ludwig von Mises Institute
Published: 1953
Total Pages: 507
ISBN-13: 1610163222
DOWNLOAD EBOOKAuthor:
Publisher: Ludwig von Mises Institute
Published:
Total Pages: 262
ISBN-13: 1610164989
DOWNLOAD EBOOKAuthor: Steven Horwitz
Publisher: Cato Institute
Published: 2020-07-14
Total Pages: 167
ISBN-13: 1948647966
DOWNLOAD EBOOKWhat if economics began with people? Choice is an essential feature of the human condition. Every time we embark on a given plan of action, big or small, we make a choice. Whereas many economists model people’s behavior using idealized assumptions, economists of the Austrian School don’t. The Austrian School of Economics takes people as they are and constructs economic theories by examining the logical structure of the choices they make. Austrian Economics: An Introduction book explains the Austrian School’s insights on a wide range of economic topics and introduces some of its key thinkers. It also explains the relationship between the Austrian School and mainstream economics and delves into the criticisms that Austrian School economists have mounted against communist and socialist economic thought.
Author: Annette Godart-van der Kroon
Publisher: Springer
Published: 2018-07-23
Total Pages: 282
ISBN-13: 3319758179
DOWNLOAD EBOOKThis book discusses contemporary banking and monetary policy issues from the perspective of the Austrian School of Economics. Based on the heritage of the Austrian school, leading scholars and practitioners offer a coherent diagnosis and analysis of the factors leading to Europe’s current financial crisis. The first part of the book discusses Ludwig von Mises’s and Friedrich August von Hayek’s ideas on banking and monetary policy from both historical and economic standpoints. It includes contributions on Austrian monetary dynamics and micro-foundational business cycle theory, von Mises’s concepts of liquidity and solvency of fractional-reserve banks, and liberalism of Austrian economics. The second part analyzes the measures taken by the European Central Bank (ECB) in light of the ideas of von Mises and Hayek. It includes contributions on non-neutrality of money, ECB monetary policy, and the future of the ECB. The third and final part presents discussions on monetary reforms, including contributions on Bitcoins, Cryptocurrencies and anti-deflationist Paranoia.
Author: Steven Horwitz
Publisher: Routledge
Published: 2000-09-28
Total Pages: 288
ISBN-13: 1134642229
DOWNLOAD EBOOKIn the past, Austrian economics has been seen as almost exclusively focused on microeconomics. Here,Steven Horwitz constructs a systematic presentation of what Austrian macroeconomics would look like. This original and highly accessible work will be of great value and interest to professional economists and students.
Author: Arkadiusz Sieroń
Publisher: Routledge
Published: 2019-02-04
Total Pages: 185
ISBN-13: 0429657285
DOWNLOAD EBOOKWho would disagree that money matters? Economists have yet to sufficiently explore issues related to monetary inflation in relation to the Cantillon effect, i.e. distribution and price effects resulting from uneven changes in the money supply and their impact on the economy. This book fills this important gap in the existing literature. The author classifies the various channels through which new money can be injected into the economy and demonstrates that it is not only the increase in money supply that is important, but also the way in which it occurs. Since the increase in money supply does not affect the cash balance of all economic entities in the same proportion and at the same time – new money is introduced into the economy through specific channels – a distribution of income and changes in the structure of relative prices and production occur. The study of money supply growth, carried out in the spirit of Richard Cantillon, offers an important analytical framework that facilitates the development of a number of sub-disciplines within economics and provides a better understanding of many economic processes. It significantly explores the theory of money and inflation, the business cycle and price bubbles, but also the theory of banking and central banking, income distribution, income and wealth inequalities, and the theory of public choice. This book is therefore an important voice in the fundamental debate on the role of monetary factors in the economy, as well as on the effects and legitimacy of a loose monetary policy. In 2017, the doctoral dissertation on which the book is based was awarded the Polish Prime Minister’s prize. In these times of non-standard monetary policy and rising income inequalities in OECD countries, the focus on the distribution effect of monetary inflation makes this a must read for researchers and policy-makers and for anyone working in monetary economics. This title was translated from Polish by Martin Turnau.
