The Elgar Companion to Austrian Economics

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Table of Contents

Acknowledgements
List of contributors
1 Introduction 1
2 Methodological individualism 11
3 Subjectivism 17
4 Market process 23
5 Aristotelianism, apriorism, essentialism 33
6 Phenomenology and economics 38
7 Formalism in twentieth-century economics 48
8 The interpretive turn 54
9 Causation and genetic causation in economic theory 63
10 Ideal type methodology in economics 72
11 Praxeology 77
12 Marginal utility 87
13 Cost 92
14 Competition 96
15 Entrepreneurship 103
16 Time in economics 111
17 Risk and uncertainty 118
18 Marginal productivity 123
19 Efficiency 131
20 Supply and demand 137
21 Profit and loss 143
22 The Austrian theory of price 151
23 Non-price rivalry 156
24 The economics of information 162
25 Prices and knowledge 167
26 The boundaries of the firm 173
27 The Coase Theorem 179
28 Self-organizing systems 187
29 'Invisible hand' explanations 192
30 Spontaneous order 197
31 Capital theory 209
32 Austrian business cycle theory 216
33 Comparative economic systems 224
34 Financial economics 231
35 Industrial organization 244
36 International monetary theory 249
37 Labor economics 258
38 Law and economics 264
39 Legal philosophy 270
40 Public goods theory 276
41 Public choice economics 285
42 The economic theory of regulation 294
43 Resource economics 300
44 Austrian welfare economics 304
45 Value-freedom 313
46 Classical liberalism and the Austrian school 320
47 Utilitarianism 328
48 Social contract theory 337
49 Interventionism 345
50 The political economy of price controls 352
51 The economics of prohibition 358
52 Economics of gender and race 362
53 The Phillips curve 372
54 Taxation 378
55 Industrial organization and the Austrian school 382
56 Advertising 389
57 Mergers and the market for corporate control 394
58 Inflation 402
59 Free banking 408
60 The history of free banking 414
61 Financial regulation 419
62 Political business cycles 425
63 The Great Depression 431
64 The collapse of communism and post-communist reform 440
65 Privatization 448
66 The Methodenstreit 459
67 The debate between Bohm-Bawerk and Hilferding 465
68 The Hayek-Keynes macro debate 471
69 The socialist calculation debate 478
70 The late scholastics 487
71 German predecessors of the Austrian school 493
72 German market process theory 500
73 The Freiburg school of law and economics 508
74 Marxisms and market processes 516
75 Pre-Keynes macroeconomics 523
76 Austrian economics and American (old) institutionalism 529
77 The 'new' institutional economics 535
78 Evolutionary economics 541
79 Austrian models? Possibilities of evolutionary computation 549
80 Social institutions and game theory 556
81 Monetarism 565
82 Supply-side economics 572
83 The New Classical economics 576
84 The new Keynesian economics 582
85 The neo-Ricardians 588
86 The new monetary economics 593
87 Alternative paths forward for Austrian economics 601
Index 617
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