New Directions in Austrian Economics

New Directions in Austrian Economics

Studies in Economic Theory

Edited By:

Louis M. Spadaro

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Summary

This collection first appeared in the midst of the American Austrian revival, and its insights are constantly culled by modern students. In it, Austrian economists examine technical aspects of money, interest, capital and business cycles, and property rights, plus theoretical areas like econometrics, uncertainty, social cost, and more.

This volume includes:

An Austrian Stocktaking: Unsettled Questions and Tentative Answers (Ludwig M. Lachmann)
The Austrian Method (John B. Egger)
Praxeology and Econometrics: A Critique of Positivist Economics (Mario J. Rizzo)
Economics and Error (Israel M. Kirzner)
The Problem of Social Cost (S.C. Littlechild)
A Critique of Neoclassical and Austrian Monopoly Theory (D.T. Armentano)
Spontaneous Order and the Coordination of Economic Activities (Gerald P. O'Driscoll, Jr.)
Austrian Definitions of the Supply of Money (Murray N. Rothbard)

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Economics

The economics category, as expected, is very well represented within the pages of this site. Of all the economics books, around half are explicitly Austrian Economics texts, and (with a significant overlap) around half discuss monetary theory. You may search specifically for economic treatises or books about economists; you will find historical or theoretical accounts of financial crises; you will stumble upon recent books on crypto-currencies (like bitcoin), books covering topics like income or wealth inequality, as well as more technical subjects like price theory, monopoly, division of labor, public choice theory and others. Additionally, critiques of Keynesian economics are to be found throughout the books in this category.

Of the Austrian Economics books, the largest portion discuss The Austrian Business Cycle and praxeology or human action, but you will find many covering to one degree or another topics like time preference, capital and interest, subjective value, and economic calculation, to name a few.

And for those interested in currency or money, whether sound money or fiat money, you will find books arguing the benefits of the gold standard, debates on inflation and deflation, banking, central banks and the Federal Reserve specifically.

At the heart of the free market system of unregulated, voluntary trade stands capitalism and its emphasis on private property. Unsurprisingly, a large collection of books are available on this subject, many of which outline quite clearly the fundamentals and the outcomes of capitalism, especially in contrast to other economic systems like socialism. Additional related topics, such as free trade, decentralization, risk, uncertainty, and the market process can be found in such books.

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And if you want a book that seems to have a wide variety of topics, you may just want to filter with the word smorgasbord and see what books come up.