Advanced Introduction to the Austrian School of Economics

Advanced Introduction to the Austrian School of Economics
Author: Randall G. Holcombe
Publisher: Edward Elgar Publishing
Total Pages: 159
Release: 2020-07-31
Genre: Business & Economics
ISBN: 1789909643

Presenting a concise overview of the post-war decline in popularity of the Austrian school of economics and its subsequent revival in the late twentieth century, this updated second edition offers a theoretical and historical introduction to the ideas of the Austrian school and its intellectually distinguishing qualities. This Advanced Introduction considers the field’s key originators and proponents and reflects on the acceleration in interest in the last two decades.

Austrian Economics

Austrian Economics
Author: Steven Horwitz
Publisher: Cato Institute
Total Pages: 167
Release: 2020-07-14
Genre: Business & Economics
ISBN: 1948647966

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:
Total Pages: 833
Release: 2015
Genre: Business & Economics
ISBN: 0199811768

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 Marginal Revolutionaries

The Marginal Revolutionaries
Author: Janek Wasserman
Publisher: Yale University Press
Total Pages: 367
Release: 2019-09-24
Genre: Business & Economics
ISBN: 0300228228

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.

Economics for Real People

Economics for Real People
Author: Gene Callahan
Publisher: Ludwig von Mises Institute
Total Pages: 354
Release: 2002
Genre: Austrian school of economics
ISBN: 1610164679

Ludwig Von Mises

Ludwig Von Mises
Author: Israel Kirzner
Publisher: Simon and Schuster
Total Pages: 117
Release: 2023-10-10
Genre: Biography & Autobiography
ISBN: 1684516803

Israel Kirzner, a former student of Ludwig von Mises, looks at the influences of the economic debates in Europe on von Mises' thought, traces his theories as they developed in his writings, and discusses both critical and supportive commentators on von Mises.