Champions of Freedom: Austrian Economics: A Reader

Overview

This special volume in the Champions of Freedom series presents selected readings in Austrian school economics, the school which Mises helped to found. Intended as a companion to Volume 17, Austrian Economics: Perspectives on the Past and Prospects for the Future, Volume 18 attempts to provide an overview of the Austrian approach. While it does not claim to be comprehensive, it is hoped that the selections herein offer a representative sampling of the richness of the Austrian contribution to economic theory and ...
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Overview

This special volume in the Champions of Freedom series presents selected readings in Austrian school economics, the school which Mises helped to found. Intended as a companion to Volume 17, Austrian Economics: Perspectives on the Past and Prospects for the Future, Volume 18 attempts to provide an overview of the Austrian approach. While it does not claim to be comprehensive, it is hoped that the selections herein offer a representative sampling of the richness of the Austrian contribution to economic theory and policy.
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Product Details

  • ISBN-13: 9780916308827
  • Publisher: Hillsdale College Press
  • Publication date: 6/1/1991
  • Pages: 500

Table of Contents

Foreword
Introduction
1 Austrian Economics - An Annotated Bibliography: The Austrian Economists 3
2 The Significance of the Austrian School of Economics in the History of Ideas 17
3 Austrian Economics - An Annotated Bibliography: Methodology of the Austrian School 43
4 Excerpts from Individualism and the Philosophy of the Social Sciences 55
5 Social Science and Natural Science 92
6 The Individualist and "Compositive" Method of the Social Sciences 110
7 Excerpts from Human Society 123
8 The Results of Human Action but not of Human Design 134
9 Measurement as Scientific Method in Economics 150
10 Praxeology and Econometrics: A Critique of Positivist Economics 164
11 The Theoretical Understanding of Those Social Phenomena which are not a Product of Agreement or of Positive Legislation, but are Unintended Results of Historical Development 183
12 Logical Catallactics versus Mathematical Catallactics 215
13 Profit Management 226
14 The Use of Knowledge in Society 247
15 The Meaning of Competition 264
16 Cost and Choice - Austrian vs. Conventional Views 281
17 The Primacy of Entrepreneurial Discovery 304
18 Excerpts from Capital and Interest, Volume II: Positive Theory of Capital 337
19 The Function of Savings 393
20 The Function of Saving 401
21 Time Preference 414
22 Excerpts from Interest 423
23 Complementarity and Substitution in the Theory of Capital 445
24 Ludwig von Mises and the Theory of Capital and Interest 464
25 On the Origin of Money 483
26 The Non-Neutrality of Money 505
27 Can Price Stabilization Help? 518
28 Intertemporal Coordination and the Invisible Hand: An Austrian Perspective on the Keynesian Vision 531
29 Capitalism versus Socialism 553
30 Excerpts from The Free and Prosperous Commonwealth: Socialism and Interventionism 570
31 Why the Worst Get on Top 599
32 The Perils of Regulation: A Market-Process Approach 618
33 The Distribution of Effects of Economic Policy 655
34 The Market Economy and the Distribution of Wealth 670
The Ludwig von Mises Distinguished Lectures in Economics 687
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