Austrian Economics
Austrian Economics

Author: Steven Horwitz

Publisher: Cato Institute

Published: 2020-07-14

Total Pages: 167

ISBN-13: 1948647966

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What 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.

A Beginners Guide to BITCOIN AND AUSTRIAN ECONOMICS
A Beginners Guide to BITCOIN AND AUSTRIAN ECONOMICS

Author: Aaron Koenig

Publisher: FinanzBuch Verlag

Published: 2015-12-05

Total Pages: 173

ISBN-13: 3862488772

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In 1976, Nobel Prize Laureate Friedrich August von Hayek called for the abolishment of the state monopoly on money and the introduction of freely competing currencies. Few people could imagine such a free market of money at the time. Today the denationalization of money is in full swing: digital currencies like Bitcoin are fully independent of banks and governments. This book explains the phenomenon of decentralized, stateless money in an easily understandable and entertaining way. It also provides a basic insight into the Austrian School of Economics. The Austrian School's most prominent masterminds, Ludwig von Mises, Friedrich August von Hayek and Murry N. Rothbard, have explained why we must overcome our present debt-based monetary system, which widens the gap between the rich and the poor. Bitcoin is the world's first global payment system that is open to anyone on this planet with Internet access. Payments are cheap, fast and cannot be blocked. With interviews of Bitcoin experts Roger Ver – Stephanie Murphy – Moran Shaked – Eddy Travia – Julia Touranski – Marek Palatinus – David Johnston – Susanne Tarkowski Tempelhof – Satoshi Nakamoto.

Austrian Economics Re-examined
Austrian Economics Re-examined

Author: Gerald P O'Driscoll Jr

Publisher: Routledge

Published: 2014-12-05

Total Pages: 469

ISBN-13: 1317691350

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Austrian Economics Re-examined: The Economics of Time and Ignorance is an expanded version of the 1996 edition of The Economics of Time and Ignorance. This work is a classic statement of the role of subjectivism, radical uncertainty and change through real time in Austrian economics specifically, and in modern economics more generally. The new book contains the full text and Introductions of the earlier edition as well as the comprehensive previously-unpublished essay "What is Austrian Economics?" and a new Introduction. The essay is a comprehensive overview of the central themes of the book from a somewhat different perspective than in the book itself. It supplements the analysis in the book. The new Introduction explains that the 2007-8 financial crisis and recent developments in behavioural economics have made the book more relevant than ever before. Austrian Economic Re-examined develops and systematizes the fundamental principles of the Austrian tradition to the analysis of rational expectations, business cycles, monetary theory competition and monopoly, and capital theory. The Open Access version of this book, available at https://www.taylorfrancis.com/books/oa-edit/10.4324/9781315776736, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license.

The Oxford Handbook of Austrian Economics
The Oxford Handbook of Austrian Economics

Author: Peter J. Boettke

Publisher:

Published: 2015

Total Pages: 833

ISBN-13: 0199811768

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The 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.

The Next Generation of Austrian Economics
The Next Generation of Austrian Economics

Author: Per Bylund

Publisher: Ludwig von Mises Institute

Published: 2015-07-06

Total Pages: 242

ISBN-13: 1610166361

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The Next Generation of Austrian Economics: Essays in Honor Joseph T. Salerno is a celebratory volume honoring the work of a respected and beloved teacher. It signifies a flourishing career of significant achievement, and also the gratitude and well-wishes of his students. Dr. Salerno, longtime Professor of Economics at Pace University and Academic Vice President of the Mises Institute, is honored in these pages by the very students whose lives and careers he influenced. His important work in monetary theory and policy, not to mention his great exposition of Austrian school sociology, are addressed here by contributors such as Dr. Philip Bagus, Dr. David Howden, Dr. Per Bylund, Dr. Mateusz Machaj, Dr. Matthew McCaffrey, Dr. Peter Klein, and others. Salerno stands at the head of what may be termed the “5th generation” of Austrian economists, having been both a friend and close associate of the late Murray Rothbard (not to mention a young attendee at the famed 1974 South Royalton conference). But as this volume illustrates, Joe is also a great friend, mentor, and godfather to an emergent new generation of formidable Austrian economists.