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Author: Willem Keizer
Publisher: Routledge
ISBN: 1317949978
Category : Business & Economics
Languages : en
Pages : 306
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Book Description
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: Willem Keizer
Publisher: Routledge
ISBN: 1317949978
Category : Business & Economics
Languages : en
Pages : 306
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Book Description
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: John E. King
Publisher: Edward Elgar Publishing
ISBN: 1788971515
Category : Business & Economics
Languages : en
Pages : 299
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Book Description
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.
Author: Gerrit Meijer
Publisher: Routledge
ISBN: 1134806221
Category : Business & Economics
Languages : en
Pages : 288
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Book Description
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: Israel M Kirzner
Publisher: Routledge
ISBN: 1134915500
Category : Business & Economics
Languages : en
Pages : 254
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Book Description
Israel Kirzner is the foremost proponent of the modern Austrian theory of the market process. This book offers substantive insights in support of this theory and a new historical interpretation of how the ideas of modern Austrians emerged.
Author: Kenneth E Long
Publisher: Rose of Sharon Publishers
ISBN: 9780996332729
Category :
Languages : en
Pages : 248
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Book Description
Countries can identify themselves by common ancestry and ethnic nationality-not so for America. If America abandons its political and economic structures, it will lose its identity. The fabric of our identity is the institutions of freedom of expression, free contracts, jury trials, uncensored news media, regular and free elections, open competition, private property rights, religious freedom, and habeas corpus.
Author: Steven Horwitz
Publisher: Cato Institute
ISBN: 1948647966
Category : Business & Economics
Languages : en
Pages : 167
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Book Description
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: Karen I. Vaughn
Publisher: Cambridge University Press
ISBN: 9780521637657
Category : Business & Economics
Languages : en
Pages : 218
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Book Description
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: Lawrence H. White
Publisher: Cambridge University Press
ISBN: 1107012422
Category : Business & Economics
Languages : en
Pages : 439
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Book Description
This book places economic debates in their historical context and outlines how economic ideas have influenced swings in policy.
Author: Thomas Mayer
Publisher: Routledge
ISBN: 1351685538
Category : Business & Economics
Languages : en
Pages : 204
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Book Description
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: Dan Hegelund
Publisher:
ISBN: 9789198065428
Category :
Languages : en
Pages : 108
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Book Description
In August 2008 the world was hit by a financial crisis, which till this day is shaking the global economy. In the aftermath Europe was shaken by massive demonstrations, the Middle East exploded in a Spring Revolution, and the U.S. experienced the birth of two new movements: the Tea Party and Occupy Wall Street. Who was to blame for the mess we found ourselves in, and who held the answers? The answer seemed to depend on whom you asked. The GOP primaries saw Congressman Ron Paul blaming the Federal Reserve and the so called Keynesian Economics for the current crisis, and Paul touted Austrian Economics as the solution to all of our economic problems. But there were just as many experts, if not more, who claimed the opposite, that indeed the Free Market, touted by Austrian Economists, was to blame, and what was really needed was more Keynesian intervention, not less. In this easy-to-grasp reconstruction of the debate between Keynesian and Austrian ideas, Dan Hegelund briefly introduces and explains such economic concepts as the Federal Reserve, the Great Depression, the gold standard, production, consumption, inflation, interest rates, savings, deficit spending, and the dangers of central planning. Dan Hegelund is the CEO of Common Ground Gospel and Gloriana Publishing. He holds a M.S. in Political Science from Orebro University.
