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This Modern Guide explores central ideas, concepts, and themes in
the Austrian school of economics, with a focus on how both the
school and the overall theory have evolved over recent decades.
Leading scholars offer their insights into potential directions of
future research in the field, pointing towards contemporary debates
and their potential conclusions, underdeveloped aspects and
extensions of theory, and current applications of interest.
Spanning theories of entrepreneurship to the theory of the business
cycle, from methodology to sociology, and from cryptocurrencies to
culture, this clear and concise Modern Guide provides an expert
curation of the topic. Chapters offer an overview of the present
state of scholarship in the field, including discussions on
praxeology, the function of entrepreneurship in the market process,
spontaneous orders, the Austrian theory of money, and banking.
Written in an accessible style, this will be an invigorating read
for economics scholars looking for an alternative to mainstream
approaches. It will also be useful for scholars and practitioners
seeking an introduction to Austrian economics.
This book illuminates the real effects of regulations on people's
everyday lives. It traces the effects of regulations on an economy
by working through the ripple effects of changes. In so doing, the
book provides a fundamental understanding for the economy as an
organism rather than a machine, and enlightens the reader by
offering a model for understanding the economy and market.
Regulations, which are restrictions placed on the working of the
economy, have consequences, both intended and unintended, direct
and indirect. While the direct effects are well understood, the
indirect effects are often overlooked because they don't fit with
the machine understanding of an economy. More to the point, this
book emphasizes the real effects of regulation and market change on
individual actors, thereby stressing how the economy works to
provide an individual with the options that exist in choice
situations. We draft a new definition of prosperity and well-being
which focuses on the individual's access to valuable alternatives.
From this point of view, the real implications of regulation are
traced step by step, following the logic of exchange and the
effects on individual actors rather than the economy as a whole.
This book illuminates the real effects of regulations on people's
everyday lives. It traces the effects of regulations on an economy
by working through the ripple effects of changes. In so doing, the
book provides a fundamental understanding for the economy as an
organism rather than a machine, and enlightens the reader by
offering a model for understanding the economy and market.
Regulations, which are restrictions placed on the working of the
economy, have consequences, both intended and unintended, direct
and indirect. While the direct effects are well understood, the
indirect effects are often overlooked because they don't fit with
the machine understanding of an economy. More to the point, this
book emphasizes the real effects of regulation and market change on
individual actors, thereby stressing how the economy works to
provide an individual with the options that exist in choice
situations. We draft a new definition of prosperity and well-being
which focuses on the individual's access to valuable alternatives.
From this point of view, the real implications of regulation are
traced step by step, following the logic of exchange and the
effects on individual actors rather than the economy as a whole.
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