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What is so Austrian about Austrian Economics? (Hardcover)
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What is so Austrian about Austrian Economics? (Hardcover)
Series: Advances in Austrian 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.
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