Meaning of Market Process: Essays in the Development of Modern Austrian Economics

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Overview

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.

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Product Details

Table of Contents

Preface
Acknowledgements
1 Market process theory: in defence of the Austrian middle ground 3
2 The meaning of market process 38
3 The Austrian School of economics 57
4 Carl Menger and the subjectivist tradition in economics 70
5 Menger, classical liberalism and the Austrian School of economics 86
6 The economic calculation debate: lessons for Austrians 100
7 Ludwig von Mises and Friedrich von Hayek: the modern extension of Austrian subjectivism 119
8 Prices, the communication of knowledge and the discovery process 139
9 Economic planning and the knowledge problem 152
10 Knowledge problems and their solutions: some relevant distinctions 163
11 Welfare economics: a modern Austrian perspective 180
12 Self-interest and the new bashing of economics: a fresh opportunity in the perennial debate? 195
13 Discovery, private property and the theory of justice in capitalist society 209
Notes 227
References 233
Index 242
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