Austrian Economics Re Examined

Author : Gerald P O'Driscoll Jr,Mario Rizzo
Publisher : Routledge
Page : 315 pages
File Size : 55,8 Mb
Release : 2014-12-05
Category : Business & Economics
ISBN : 9781317691365

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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 The new book contains the full text and Introductions of the earlier edition as well as the comprehensive previously-unpublished essay "What is Austrian Economics?"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 : Anonim
Publisher : Ludwig von Mises Institute
Page : 262 pages
File Size : 49,5 Mb
Release : 2024-06-30
Category : Electronic
ISBN : 9781610164986

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

Author : Karen I. Vaughn
Publisher : Cambridge University Press
Page : 218 pages
File Size : 54,7 Mb
Release : 1998-01-28
Category : Business & Economics
ISBN : 0521637651

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Austrian Economics in America by Karen I. Vaughn Pdf

This book examines the development of the ideas of the new Austrian school from its beginnings in Vienna in the 1870s to the present. It focuses primarily on showing how the coherent theme that emerges from the thought of Carl Menger, Ludwig von Mises, Friedrich Hayek, Ludwig Lachmann, Israel Kirzner and a variety of new younger Austrians is an examination of the implications of time and ignorance (or processes and knowledge) for economic theory.

Author : Steven Horwitz
Publisher : Cato Institute
Page : 167 pages
File Size : 52,6 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.

Author : Daniel J. D'Amico,Adam G. Martin
Publisher : Emerald Group Publishing
Page : 144 pages
File Size : 48,9 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 : Janek Wasserman
Publisher : Yale University Press
Page : 367 pages
File Size : 40,8 Mb
Release : 2019-09-24
Category : Business & Economics
ISBN : 9780300228229

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The Marginal Revolutionaries by Janek Wasserman Pdf

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.

Author : Steven Horwitz
Publisher : Edward Elgar Pub
Page : 560 pages
File Size : 43,5 Mb
Release : 2005
Category : Business & Economics
ISBN : 1843764113

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Biographical Dictionary of Austrian Economists by Steven Horwitz Pdf

The central ideas of modern Austrian economics are explored in this volume through intellectual biographies of the major 20th century economists in that tradition. By providing a larger social and historical context for each subject's work, the volume offers a more complete picture of the development of modern Austrian economics than has previously been available. Authored by top scholars in the field, the essays cover figures from Wieser to Mises to Lachmann. Each chapter is a blend of biography and critical assessment of ideas that locate the thinker's central contributions to the development of the Austrian tradition. The chapters are framed by an introductory essay by the editor as well as a conclusion that examines the work of the current generation of Austrian economists.

Author : Mark Thornton
Publisher : Ludwig von Mises Institute
Page : 275 pages
File Size : 41,6 Mb
Release : 2018-08-01
Category : Business & Economics
ISBN : 9781610166881

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The Skyscraper Curse by Mark Thornton Pdf

The Skyscraper Curse is Dr. Mark Thornton's definitive work on booms and busts, and it explains why only Austrian economists really understand them. It makes business cycle theory accessible to a whole new 21st-century audience. And they need it, especially those under 40. Many of the brilliant quants working on Wall Street and at the Fed barely remember the Crash of 2008, much less understand it. But Mark Thornton does, and his book is a warning about overheated equity markets, over-inflated housing prices, and clueless central bankers. Given the shaky stock markets lately, 2018 may be the year the Fed’s latest bubble bursts. And when it does, it will be even more painful than 10 years ago. In fact, US household and business debt is now one trillion dollars higher than 2008. Mark is well known as an expert on bubbles and Fed malfeasance. His work appears in outlets like Wall Street Journal, Bloomberg, Forbes, The Economist, Barron’s, and Investor’s Business Daily. His now-infamous Skyscraper Index theory draws the connection between loose monetary policy, artificially low interest rates, and vanity construction projects. Put the three together and it doesn’t turn out well. And let’s not forget that Dr. Thornton was among only a handful of economists to warn about the dangerous housing bubble in 2004, and again in 2006. Cabbies and waiters bought up condos with no money down in places like Las Vegas. Prices rose 25 percent or more every year in some coastal markets. Even people with terrible credit financed houses at five or seven times their annual income. All of it was made possible by the Fed and its mania for low interest rates. So when the experts said “Nobody could have seen this coming,” the Mises Institute had Mark’s articles and papers ready to go. The housing crash, and the meltdown in equity markets less than a year later, were thoroughly explained by Austrian business cycle theory. And Mark was the capable face of the Mises Institute during it all. Without a lay-friendly book like The Skyscraper Curse, millions more Americans will be duped by the next crash. Dr. Thornton’s book tells the story that needs to be told. It will be among the only alternative explanations available when the next crisis comes.

Author : Willem Keizer,Bert Tieben,Rudy Van Zijp
Publisher : Routledge
Page : 306 pages
File Size : 40,7 Mb
Release : 2018-10-24
Category : Business & Economics
ISBN : 9781317949978

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Austrian Economics in Debate by Willem Keizer,Bert Tieben,Rudy Van Zijp Pdf

This book presents essays by an outstanding team of international specialists and covers a wide range of topics, including (inter alia) the relationships between the Austrian and Swedish theories of the business cycle, the on-going debates between Austrians and (Post) Keynesians, Schumpeter's 'Walrasian' stand in the socialist calculation debate, and the Austrian roots of Neo-Institutional economics. The studies stress the unique Austrian contributions to economic methodology and to the theory of entrepreneurship, while revealing unexpected methodological and philosophical similarities between, among others, Hayek and Marx.

Author : Eamonn Butler
Publisher : Unknown
Page : 128 pages
File Size : 47,9 Mb
Release : 2020
Category : Electronic
ISBN : 1999517539

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Austrian Economics by Eamonn Butler Pdf

Author : Arkadiusz Sieroń
Publisher : Routledge
Page : 162 pages
File Size : 51,5 Mb
Release : 2019-02-04
Category : Business & Economics
ISBN : 9780429657283

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Money, Inflation and Business Cycles by Arkadiusz Sieroń Pdf

Who would disagree that money matters? Economists have yet to sufficiently explore issues related to monetary inflation in relation to the Cantillon effect, i.e. distribution and price effects resulting from uneven changes in the money supply and their impact on the economy. This book fills this important gap in the existing literature. The author classifies the various channels through which new money can be injected into the economy and demonstrates that it is not only the increase in money supply that is important, but also the way in which it occurs. Since the increase in money supply does not affect the cash balance of all economic entities in the same proportion and at the same time – new money is introduced into the economy through specific channels – a distribution of income and changes in the structure of relative prices and production occur. The study of money supply growth, carried out in the spirit of Richard Cantillon, offers an important analytical framework that facilitates the development of a number of sub-disciplines within economics and provides a better understanding of many economic processes. It significantly explores the theory of money and inflation, the business cycle and price bubbles, but also the theory of banking and central banking, income distribution, income and wealth inequalities, and the theory of public choice. This book is therefore an important voice in the fundamental debate on the role of monetary factors in the economy, as well as on the effects and legitimacy of a loose monetary policy. In 2017, the doctoral dissertation on which the book is based was awarded the Polish Prime Minister’s prize. In these times of non-standard monetary policy and rising income inequalities in OECD countries, the focus on the distribution effect of monetary inflation makes this a must read for researchers and policy-makers and for anyone working in monetary economics. This title was translated from Polish by Martin Turnau.

Author : Peter J. Boettke,Christopher J. Coyne
Publisher : Oxford Handbooks
Page : 833 pages
File Size : 48,5 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 : Matthew McCaffrey
Publisher : Routledge
Page : 269 pages
File Size : 49,5 Mb
Release : 2017-09-01
Category : Business & Economics
ISBN : 9781317207634

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The Economic Theory of Costs by Matthew McCaffrey Pdf

The theory of costs is a cornerstone of economic thinking, and figures crucially in the study of human action and society. From the first day of a principles-level course to the most advanced academic literature, costs play a vital role in virtually all behaviors and economic outcomes. How we make choices, why we trade, and how we build institutions and social orders are all problems that can be explained in light of the costs we face. This volume explores, develops, and critiques the rich literature on costs, examining some of the many ways cost remains relevant in economic theory and practice. The book especially studies costs from the perspective of the Austrian or “causal-realist” approach to economics. The chapters integrate the history of economic thought with contemporary research, finding valuable crossroads between numerous traditions in economics. They examine the role of costs in theories of choice and opportunity costs; demand and income effects; production and distribution; risk and interest rates; uncertainty and production; monopsony; Post-Keynesianism; transaction costs; socialism and management; and social entrepreneurship. Together, these papers represent an update and restatement of a central element in the economic way of thinking. Each chapter reveals how the Austrian, causalrealist approach to costs can be used to solve an important problem or debate in economics. These chapters are not only useful for students learning these concepts for the first time: they are also valuable for researchers seeking to understand the unique Austrian perspective and those who want to apply it to new problems.

Author : Steven Horwitz,Louis Rouanet
Publisher : Edward Elgar Publishing
Page : 200 pages
File Size : 41,6 Mb
Release : 2023-07-01
Category : Business & Economics
ISBN : 9781800882263

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A Research Agenda for Austrian Economics by Steven Horwitz,Louis Rouanet Pdf

This thought-provoking Research Agenda examines various themes within economic studies that have become active areas of commentary for economists of the Austrian School. Contributors establish their own distinctive interpretations of how an Austrian Research Agenda should appear, displaying plainly that there is no set dogma within Austrian economics.

Author : Daniel J. D'Amico,Adam G. Martin
Publisher : Emerald Group Publishing
Page : 131 pages
File Size : 54,6 Mb
Release : 2022-01-27
Category : Business & Economics
ISBN : 9781802622898

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Contemporary Methods and Austrian Economics by Daniel J. D'Amico,Adam G. Martin Pdf

Contemporary Methods and Austrian Economics, examines the relationship between Austrian economics and these new social scientific methods.