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Austrian school of economics.

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Austrian school of economics.

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Leading scholars consider Austrian economics from several perspectives such as characteristic themes of entrepreneurship and uncertainty, scientific methods such as mathematical complexity theory and experimental economics, and historical contexts such as pre-war Vienna and post-war France. Placing "Austrian economics" in these multiple contexts helps to reveal the rich texture of the Austrian tradition in social thought and its multiple connections to current research in diverse fields. Applications to the theory of the trade cycle and to foreign intervention suggest that the Austrian tradition contains possibilities not yet full explored and exploited. The volume gathers together papers presented at the second biennial Wirth conference on Austrian economics, held in October 2008 when the crisis of Fall 2008 was still new and shocking. This coincidence of timing makes policy issues and crisis management a kind of leitmotif of the volume. If, as keynote speaker David Colander argues, Austrians have a comparative advantage in political economy, then its stock should rise in times of crisis and political uncertainty. The volume provides evidence in favor of this view. Contributors include David Colander, Richard Wagner, Jeffery McMullen, J. Barkley Rosser, Jr., Steve Horwitz, Richard Ebeling, Chris Coyne, and Peter Boettke.

Austrian school of economics

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"What if economics began with people? Carl Menger. Ludwig von Mises. F.A. Hayek. Murray Rothbard. Israel Kirzner. They're some of the most important and acclaimed economists of the modern era, and they all belong to an intellectual tradition known as the Austrian School of Economics. While many economists model people's behavior using idealized assumptions, Austrian economists begin by taking people as they are and build economic theories by examining the logical structure of the choices they make. This book introduces the key thinkers of the Austrian School and explains their insights on a wide range of economic topics. It also explains the relationship between the Austrian School and mainstream economics and delves into the criticisms Austrian School economists have mounted against communist and socialist economic thought"--

Austrian school of economics.

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Philosophy, Politics, and Economics, as an interdisciplinary endeavour, has surged in popularity in recent years. Work in this field usually draws on standard microeconomics to grapple with questions from political philosophy. But what might Austrian economics, which provides an alternative approach, have to offer to this endeavour?

Austrian school of economics.