Austrian Economics and the Political Economy of Freedom
Austrian Economics and the Political Economy of Freedom

Author: Richard M. Ebeling

Publisher: Edward Elgar Publishing

Published: 2003

Total Pages: 304

ISBN-13:

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He shows the continuities between the positive contributions of the classical economists and the Austrian's in contrast to the neoclassical conceptions of man, the market economy and theory-formation for policy applications. Particular emphasis is given to the Austrian view of the human actor as creative innovator and planner who changes his world to improve his circumstances in comparison to the neoclassical idea of man as a passive economizer within given constraints. The Austrian approach is applied to the problems of the regulated economy, socialist central planning, the welfare state, monetary policy, international trade, and the hundred-year conflict between classical liberalism and collectivism.

New Thinking in Austrian Political Economy
New Thinking in Austrian Political Economy

Author: Christopher J. Coyne

Publisher: Emerald Group Publishing

Published: 2015-08-04

Total Pages: 256

ISBN-13: 1785601369

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Volume 19 includes research by scholars working within Austrian political economy. The contributors shed incisive light on a range of topics in Austrian economics including: the role of culture in post-disaster recovery, class structure, decentralized political orders, drones, institutional change, macroeconomics, and superstition and norms.

Media, Development, and Institutional Change
Media, Development, and Institutional Change

Author: Christopher J. Coyne

Publisher: Edward Elgar Publishing

Published: 2009-01-01

Total Pages: 185

ISBN-13: 1848449127

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Media, Development, and Institutional Change investigates mass media s profound ability to affect institutional change and economic development. The authors use the tools of economics to illuminate the media s role in enabling and inhibiting political economic reforms that promote development. The book explores how media can constrain government, how governments manipulate media to entrench their power, and how private and public media ownership affects a country s ability to prosper. The authors identify specific media-related policies governments of underdeveloped countries should adopt if they want to grow. They illustrate why media freedom is a critical ingredient in the recipe of economic development and why even the best-intentioned state involvement in media is more likely to slow prosperity than to enhance it. Scholars and students of economics, political science and sociology; policy-makers, analysts and others in the development community; and academics in media studies will find this book insightful and provocative.

Austrian and German Economic Thought
Austrian and German Economic Thought

Author: Kiichiro Yagi

Publisher: Routledge

Published: 2013-03-01

Total Pages: 202

ISBN-13: 1136824618

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This book intends to renovate the view of social sciences in the German-speaking world. It explores the intellectual tension in the social science in Austria and Germany in the late-nineteenth and early-twentieth centuries. It deals with how the emergence of the new school (Austrian School) changed the focus of social science in the German speaking world, and how it prepared the introduction of an evolutionary perspective in economics, politics, and sociology. Based on (mostly hitherto unknown) primary evidence, this development is lively described in a series of encounters and decisions by each social scientists.

Socialism, Economic Calculation and Entrepreneurship
Socialism, Economic Calculation and Entrepreneurship

Author: Jes£s Huerta de Soto

Publisher: Edward Elgar Publishing

Published: 2010-01-01

Total Pages: 321

ISBN-13: 1849805008

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This highly topical book presents a new theory on the characteristics of entrepreneurial knowledge. It explores the recent shift among professional economists and scholars in their evaluation of the debate of socialism. Socialism, Economic Calculation and Entrepreneurship presents an application of Israel M. Kirzner's theory of entrepreneurship to the theory of the impossibility of socialism. It discusses the influence of the fall of socialism, with particular reference to the evolution of economic thought.

The Alternative Austrian Economics
The Alternative Austrian Economics

Author: John E. King

Publisher: Edward Elgar Publishing

Published: 2019-12-27

Total Pages: 308

ISBN-13: 1788971515

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For most economists, ‘Austrian economics’ refers to a distinct school of thought, originating with Mises and Hayek and characterised by a strong commitment to free-market liberalism. This innovative book explores an alternative Austrian tradition in economics. Demonstrating how the debate on the economics of socialism began in Austria long before the 1930s, it analyses the work and impact of many leading Austrian economists through a century of Austrian socialist economics.

The Marginal Revolutionaries
The Marginal Revolutionaries

Author: Janek Wasserman

Publisher: Yale University Press

Published: 2019-09-24

Total Pages: 367

ISBN-13: 0300228228

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A group history of the Austrian School of Economics, from the coffeehouses of imperial Vienna to the modern-day Tea Party The Austrian School of Economics--a movement that has had a vast impact on economics, politics, and society, especially among the American right--is poorly understood by supporters and detractors alike. Defining themselves in opposition to the mainstream, economists such as Ludwig von Mises, Friedrich Hayek, and Joseph Schumpeter built the School's international reputation with their work on business cycles and monetary theory. Their focus on individualism--and deep antipathy toward socialism--ultimately won them a devoted audience among the upper echelons of business and government. In this collective biography, Janek Wasserman brings these figures to life, showing that in order to make sense of the Austrians and their continued influence, one must understand the backdrop against which their philosophy was formed--notably, the collapse of the Austro-Hungarian Empire and a half-century of war and exile.

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.

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.

Austrian Economics: Tensions and New Directions
Austrian Economics: Tensions and New Directions

Author: Bruce J. Caldwell

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 293

ISBN-13: 9401121869

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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.