Handbook on Contemporary Austrian Economics

ISBN-10: 1849809518
ISBN-13: 9781849809511
Edition: 2012
Authors: Peter J. Boettke
List price: $27.00
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Description: The Austrian school of economics was founded in 1871 with the publication of Carl Menger's Principles of Economics. In his book, Menger argued that economic analysis is universally applicable and that the appropriate unit of analysis is man and his  More...

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Book details

List price: $27.00
Copyright year: 2012
Publisher: Edward Elgar Publishing Limited
Publication date: 2/29/2012
Binding: Paperback
Pages: 192
Size: 6.00" wide x 9.00" long x 0.25" tall
Weight: 0.638
Language: English

The Austrian school of economics was founded in 1871 with the publication of Carl Menger's Principles of Economics. In his book, Menger argued that economic analysis is universally applicable and that the appropriate unit of analysis is man and his choices. These choices, he wrote, are determined by individual subjective preferences and the margin on which decisions are made. The logic of choice, he believed, is the essential building block to the development of a universally valid economic theory. The home of the field moved first to Britain and then on to the US, and at present a diverse mix of intellectual traditions in economic science is obvious in contemporary Austrian school economists. While one could argue that a unique Austrian school of economics operates within the economic profession today, one could also sensibly argue that the label 'Austrian' no longer possesses any substantive meaning. This Handbook looks through the lens of the latest generation of scholars at the main propositions believed by so-called 'Austrians'. Each contributing author addresses key tenets of the school of thought, and outlines its ongoing contribution to economics and to the social sciences.

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