A Modern Guide To Austrian Economics

Author : Per L. Bylund
Publisher : Edward Elgar Publishing
Page : 368 pages
File Size : 52,7 Mb
Release : 2022-10-28
Category : Electronic
ISBN : 1789904390

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A Modern Guide to Austrian Economics by Per L. Bylund Pdf

This Modern Guide explores central ideas, concepts and themes in the Austrian school of economics, with a focus on how both the school and the overall theory have evolved over recent decades. Leading scholars offer their insights into potential directions of future research in the field, pointing towards contemporary debates and their potential conclusions, underdeveloped aspects and extensions of theory, and current applications of interest. Spanning theories of entrepreneurship to the theory of the business cycle, from methodology to sociology, and from cryptocurrencies to culture, this clear and concise Modern Guide provides an expert curation of the topic. Chapters offer an overview of the present state of scholarship in the field, including discussions on praxeology, the function of entrepreneurship in the market process, spontaneous orders, the Austrian theory of money, and banking. Written in an accessible style, this will be an invigorating read for economics scholars looking for an alternative to mainstream approaches. It will also be useful for scholars and practitioners seeking an introduction to Austrian Economics.

Author : Thomas Mayer
Publisher : Routledge
Page : 204 pages
File Size : 44,7 Mb
Release : 2017-11-10
Category : Business & Economics
ISBN : 9781351685535

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Austrian Economics, Money and Finance by Thomas Mayer Pdf

The financial crisis has exposed severe shortcomings in mainstream monetary economics and modern finance. It is surprising that these shortcomings have not led to a wider debate about the need to overhaul these theories. Instead, mainstream economists have closed ranks to defend existing theories and public authorities have expanded their interference in markets. This book investigates the problems associated with mainstream monetary economics and finance, and proposes alternatives based on the Austrian school of economics. This school emanated from the work of the nineteenth-century Austrian economist Carl Menger and was developed further by Eugen von Böhm-Bawerk, Ludwig von Mises, and Friedrich August von Hayek. In monetary economics, the Austrian school regards the creation of money by banks through credit extension as a key source of economic instability. From this follows the need for a comprehensive reform of our present monetary system. In a new monetary order, money could be issued by both public and private institutions, and there would be no need for fractional reserve banking. Instead of creating money, banks would intermediate it. In finance, the Austrian school rejects the notion of rational expectations and measurable risk. Individuals use their subjective knowledge to gather and evaluate information, and they act in a world of radical uncertainty. Hence, markets are not "efficient" nor can portfolios be built on the basis of known probability distributions of asset prices as described in the modern finance literature. This book explores the need for a new theoretical foundation for asset pricing and investment management that will give practitioners more useful orientation.

Author : Institute for Humane Studies
Publisher : Mission, Kan. : Sheed & Ward
Page : 260 pages
File Size : 42,5 Mb
Release : 1976
Category : Austrian school of economics
ISBN : UCAL:B4373154

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The Foundations of Modern Austrian Economics by Institute for Humane Studies Pdf

Proceedings of a conference sponsored by the Institute for Humane Studies and held at Royalton College, South Royalton, Vt., in June 1974. Includes index. Bibliography: p. 224-227.

Author : Anonim
Publisher : Unknown
Page : 38 pages
File Size : 49,8 Mb
Release : 1995
Category : Austrian school of economics
ISBN : STANFORD:36105021370056

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The Austrian Economics Study Guide by Anonim Pdf

Author : Bruce J. Caldwell,Stephan Böhm
Publisher : Springer Science & Business Media
Page : 293 pages
File Size : 49,8 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9789401121866

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Austrian Economics: Tensions and New Directions by Bruce J. Caldwell,Stephan Böhm Pdf

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.

Author : Per Bylund,David Howden
Publisher : Ludwig von Mises Institute
Page : 242 pages
File Size : 46,9 Mb
Release : 2015-07-06
Category : Business & Economics
ISBN : 9781610166362

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The Next Generation of Austrian Economics by Per Bylund,David Howden Pdf

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.

Author : Gene Callahan
Publisher : Ludwig von Mises Institute
Page : 354 pages
File Size : 52,6 Mb
Release : 2002
Category : Austrian school of economics
ISBN : 9781610164672

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Economics for Real People by Gene Callahan Pdf

Author : Anonim
Publisher : Ludwig von Mises Institute
Page : 262 pages
File Size : 40,5 Mb
Release : 2024-06-28
Category : Electronic
ISBN : 9781610164986

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Austrian School of Economics: A History of Its Ideas, Ambassadors, and Institutions by Anonim Pdf

Author : Daniel J. D'Amico,Adam G. Martin
Publisher : Emerald Group Publishing
Page : 144 pages
File Size : 45,6 Mb
Release : 2019-10-28
Category : Business & Economics
ISBN : 9781789739350

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Assessing Austrian Economics by Daniel J. D'Amico,Adam G. Martin Pdf

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.

Author : Douglas Mair,Anne Miller
Publisher : Edward Elgar Publishing
Page : 308 pages
File Size : 42,9 Mb
Release : 1991
Category : Business & Economics
ISBN : UOM:39015022009073

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A Modern Guide to Economic Thought by Douglas Mair,Anne Miller Pdf

This study offers a comprehensive introduction to the main schools of contemporary economic thought, presents the current state of each school, indicating its raison d'etre, why each school thinks as it does and the questions to which it is trying to find answers.

Author : Gerrit Meijer
Publisher : Routledge
Page : 291 pages
File Size : 46,9 Mb
Release : 2008-03-07
Category : Business & Economics
ISBN : 9781134806232

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New Perspectives on Austrian Economics by Gerrit Meijer Pdf

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

Author : Roger Koppl
Publisher : Emerald Group Publishing
Page : 220 pages
File Size : 47,9 Mb
Release : 2008-11-12
Category : Business & Economics
ISBN : 9781848553316

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Explorations in Austrian Economics by Roger Koppl Pdf

Features papers presented at the inaugural Wirth Institute Conference on the Austrian School of Economics. This work explores issues in economic policy, applied economics, and pure theory from a variety of perspectives.

Author : Peter J. Boettke,Christopher J. Coyne
Publisher : Oxford Handbooks
Page : 833 pages
File Size : 47,8 Mb
Release : 2015
Category : Business & Economics
ISBN : 9780199811762

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The Oxford Handbook of Austrian Economics by Peter J. Boettke,Christopher J. Coyne Pdf

'The Oxford Handbook of Austrian Economics' provides an overview of the main methodological, analytical, and practical implications of the Austrian school of economics. This intellectual tradition in economics and political economy has a long history that dates back to Carl Menger in the late nineteenth century. The various contributions discussed in this book all reflect this 'tension' of an orthodox argumentative structure (rational choice and invisible hand) to address heterodox problem situations (uncertainty, differential knowledge, ceaseless change).

Author : Gerald P O'Driscoll Jr,Mario Rizzo
Publisher : Routledge
Page : 466 pages
File Size : 53,8 Mb
Release : 2014-12-05
Category : Business & Economics
ISBN : 9781317691358

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Austrian Economics Re-examined by Gerald P O'Driscoll Jr,Mario Rizzo Pdf

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.

Author : Steven Horwitz
Publisher : Cato Institute
Page : 167 pages
File Size : 44,5 Mb
Release : 2020-07-14
Category : Business & Economics
ISBN : 9781948647960

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Austrian Economics by Steven Horwitz Pdf

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.