The Austrian School forms a concise but comprehensive exposition of
the main tenets of the modern Austrian School of Economics while
also providing a detailed explanation of the differences between
the Austrian and the neoclassical (including the Chicago School)
approaches to economics. The book also includes: * reviews of the
contributions of the main Austrian economists, critical analysis of
the major objections to Austrian economics and an evaluation of its
likely future development * complete exposition on the concepts and
implications of entrepreneurship and dynamic competition * a new
concept of dynamic efficiency (as an alternative to the standard
Paretian criterion) and a generalised definition of socialism (as a
systematic aggression against entrepreneurship) * evaluation of the
role of Spanish Scholastics of the 16th century as forerunners of
the Austrian School, as well as the influence and contributions of
the main Austrian Scholars of the 19th and 20th centuries. This
book will most notably appeal to Austrian economists but also to
other free market economists as well as researchers and academics
of economic methodology, the history of economic thought,
institutional economics and comparative economic systems.
General
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