Can we improve upon both the free market and nationalization? Market socialist and other heterodox exploration of cultural and social factors can help answer this question using Austrian economic theory. This volume brings together economists and political scientists specializing in evolutionary change and spontaneous order. Spontaneous order and other Austrian theories are complemented by the consideration of cultural, social and communal interaction. Austrian Economic Perspectives on Individualism and Society bridges the gap between free market advocates stressing individual rights and individualistic culture, and left-leaning thinkers who stress social justice and a culture of social solidarity, or collectivism.
Can we improve upon both the free market and nationalization? Market socialist and other heterodox exploration of cultural and social factors can help answer this question using Austrian economic theory. This volume brings together economists and political scientists specializing in evolutionary change and spontaneous order. Spontaneous order and other Austrian theories are complemented by the consideration of cultural, social and communal interaction. Austrian Economic Perspectives on Individualism and Society bridges the gap between free market advocates stressing individual rights and individualistic culture, and left-leaning thinkers who stress social justice and a culture of social solidarity, or collectivism.
In recent years there has been a spectacular revival of interest in the economics of the Austrian school. New Perspectives on Austrian Economics includes *A keynote chapter by Israel Kirzner on the question of subjectivism within Austrian Economics *Chapters on Menger, Hayek and Schumpeter *the Socialist Calculation debate *Austrian perspectives on key theoretical issues including Uncertainty and Business Cycle Theory *the policy implications of Austrian economics
First published in 1989, this re-issue concerns itself with the relevance of Max Weber's sociology for the understanding of modern times. The book outlines key tenets of Weber's sociology and points to the valuable legacy of Weber's thought in contemporary intellectual debate, particularly with regard to secularization and rationalization of global cultures, the crisis of Marxism, the rise of the New Right and the emergence of post-modernism. This book offers an authoritative and insightful study which brings to light, not only the contemporary relevance of Weber's social theory, but also offering a broad perspective for the analysis of social questions.
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.
The Austrian School has made some of the most significant contributions to the social sciences in recent times but attempts to understand it have remained locked in a polemical frame. In contrast, The Philosphy of the Austrian School presents a philosophically grounded account of the School's methodological, political and economic ideas. Whilst acknowledging important differences between the key figures in the School - Menger, Mises, and Hayek - Raimondo Cubeddu finds that they also have significant things in common. Paramount amongst these are theories of subjective value and notions of spontaneous order, both of which rest on theories of seminal avenues of research in the social sciences and a major reformulation of liberal ideology.
"This special expanded volume in Hillsdale College's Champions of Freedom series assesses the legacy and the future of Austrian School economics. Named for the nationality of the founders of this free market theory of human action, the Austrian School has had an increasing impact on economic theory and practical politics in the last several decades, resulting in a Nobel Prize in Economics for Friedrich von Hayek, whose contributions to the School are discussed at length herein." --Book Jacket.
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.
Discusses whether the Basic Income Guarantee could offer an alternative to both laissez-faire and existing welfare systems in developed countries - often criticized by both advocates and critics of laissez-faire - thus opening a constructive dialog in policy discussion.
