Presenting a concise overview of the post-war decline in popularity
of the Austrian school of economics and its subsequent revival in
the late twentieth century, this updated second edition offers a
theoretical and historical introduction to the ideas of the
Austrian school and its intellectually distinguishing qualities.
Featuring fresh and insightful comparisons between the Austrian
school and other schools of thought, this enhanced second edition
includes an expanded discussion on the evolution of the Austrian
school in the 21st century. The Advanced Introduction considers the
field's key originators and proponents and reflects on the
acceleration in interest in the last two decades. Key features
include: An illustration of the key arguments that have defined
heterodox economics, including the Austrian school's role in the
socialist calculation debate In-depth discussions of
entrepreneurship and the role of the firm in the scholarship of the
Austrian school New material relating Austrian economics to other
schools of thought. Undergraduate and graduate students in
economics and political science will find this Advanced
Introduction indispensable for understanding the revival of the
Austrian school. Policymakers will also benefit from its concise
and sharp overview of the school and its insights into the key
features and debates.
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