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From Crisis to Confidence not only describes the process which the economy must go through before a full recovery after the financial crash, it also describes the journey that must be travelled by the discipline of economics. As economics students and other commentators question post-war macroeconomics, Roger Koppl provides some of the answers needed to understand the long slump since 2008. A theory of confidence is needed in any economic framework that is to explain one of the most important periods in modern economic history.

Macroeconomics --- Economics --- Austrian school of economics --- Keynesian economics --- Economic stabilization --- Uncertainty --- Monetary policy --- E-books --- Monetary management --- Economic policy --- Currency boards --- Money supply --- Reasoning --- Adjustment, Economic --- Business stabilization --- Economic adjustment --- Stabilization, Economic --- Post-Keynesian economics --- Schools of economics --- Austrian school of economists --- Marginalist school of economics --- Marginal utility

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The contributors to this volume seriously engage issues in the crossroads where biology, psychology, and economics meet. The volume makes several important contributions to the area and provides an overview of the current state of knowledge. Biologist David Sloan Wilson, psychologists Robert Kurzban and C.A. Aktipis, economists Geoffrey Hodgson, Paul Rubin and Evelyn Gick, and jurist David Friedman consider altruism, selfishness, group selection, methodological individualism, dominance hierarchies, and other issues relating evolutionary psychology to economics. Several contributors, such as Viktor Vanberg and Brian Loasby, pay special attention to the role of F. A. Hayek and other Austrian thinkers in shaping evolutionary approaches to economic theory.Theoretical biologist Deby Cassill relates her revolutionary theory of skew selection in biology to perennial issues in political economy. The volume includes a symposium on group selection and methodological individualism. In an important paper, D. G. Whitman argues that group selection and methodological individualism are compatible and complementary. Comments from Elliot Sober & David Sloan Wilson, Richard Langlois, Todd Zywicki, and Adam Gifford offer a heterogeneous set of responses to Whitman's argument. Roger Koppl's introduction constitutes a review essay and includes an argument that Austrian economists have a comparative advantage in bringing the Verstehen tradition of social thought into contact with recent work in biology and evolutionary psychology.

Austrian school of economics. --- Group selection (Evolution) --- Evolutionary psychology. --- Austrian school of economists --- Marginalist school of economics --- Psychology --- Human evolution --- Evolution (Biology) --- Population biology --- Schools of economics --- Marginal utility --- Business & Economics --- Economic theory & philosophy. --- Economic theory. --- Economics --- Theory. --- Economic theory --- Political economy --- Social sciences --- Economic man

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This Element develops an innovative combinatorial model of technological change and tests it with 2,000 years of data from global GDP data and US patents, thus generating the observed historical pattern of technological change. This Element models the Industrial Revolution as a combinatorial explosion.

Technological innovations --- Economic aspects --- History. --- History --- Mathematical models. --- Economic aspects.

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Economic order

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Economics --- Free enterprise --- Money --- Yeager, Leland B.