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Elgar Research Agendas outline the future of research in a given
area. Leading scholars are given the space to explore their subject
in provocative ways, and map out the potential directions of
travel. They are relevant but also visionary. This
thought-provoking Research Agenda examines themes within economic
studies that have become active areas of commentary for economists
of the Austrian School. Contributors establish their own
distinctive interpretations of how an Austrian Research Agenda
should appear, clearly demonstrating there is no set dogma within
Austrian economics. Chapters provide state-of-the-art dialogues
surrounding the many complex dimensions of Austrian economics,
including the School’s responses to behavioral economics and the
theory of public goods. This book portrays Austrian economics as
constantly evolving and its ultimate endeavour is to prompt further
contributions and discussions surrounding the Austrian School. This
erudite Research Agenda will be highly beneficial for graduate
students studying political economics, market processes and
economic development, seeking to understand the unique dimensions
of Austrian economics. It will also be of great value to academics
endeavouring to conduct comparative studies of different economic
schools of thought.
Advances in Austrian Economics connects the Austrian tradition of
economics with other research traditions in economics and related
areas. Each volume attempts to apply the insights of Austrian
economics and related approaches to topics that are of current
interest in economics and cognate disciplines. The edited volume
approach delivers ideas from multiple contributors in one book,
providing a forum for variety and contrasting perspectives among
those working in these areas. As such, Advances fills an important
niche in the world of Austrian economics. Austrian school
economists are the primary audience, but this series will appeal to
people working in a variety of positions in economics and related
disciplines. Those working in public choice, new institutionalism,
cognitive or behavior economics, entrepreneurship, and other areas
will find value in the series. Areas of coverage are quite open, as
long as there remains a connection to the ideas associated with the
Austrian school, broadly interpreted.
Scholars within the Hayekian-Austrian tradition of classical
liberalism have done virtually no work on the family as an economic
and social institution. In addition, there is a real paucity of
scholarship on the place of the family within classical liberal and
libertarian political philosophy. Hayek's Modern Family offers a
classical liberal theory of the family, taking Hayekian social
theory as the main analytical framework. Horwitz argues that
families are social institutions that perform certain irreplaceable
functions in society. These functions change as economic,
political, and social circumstances change, and the family form
adapts accordingly, kicking off the next wave of developments in
the social structure. In Hayekian terms, the family is an evolving
and undesigned social institution. Horwitz offers a
non-conservative defense of the family as a social institution
against the view that either the state or "the village" is able or
required to take over its irreplaceable functions.
The US housing bubble and the ensuing financial crisis and
recession, as well as the ongoing slow recovery, have prompted a
renewal of interest in the business cycle theory associated with
the Austrian school of economics. Over the last thirty years,
Austrian economists have extended and refined that theory while
also deploying Austrian insights in other areas of monetary theory
and macroeconomics. In this volume, a number of macroeconomists
influenced by the Austrian school demonstrate its explanatory power
by applying those ideas to a variety of historical and contemporary
issues. Several of the papers focus on the differences between the
US and Canadian experiences during the early 21st century, while
other contributors offer critical extensions of Austrian monetary
and business cycle theory. The volume also includes empirical
applications to the housing boom and bust, and several papers
consider the place of Austrian macroeconomics within the school's
approach to political economy and public policy more generally.
"Studies in Austrian Macroeconomics" shows the breadth and depth of
modern macroeconomics in the Austrian tradition.
Ayn Rand wrote and lectured on economic concepts and topics. This
volume addresses the economic and business aspects of her writings.
The authors of this anthology are from a variety of fields and all
of them are enthusiastic supporters of her ideas.
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.
In the past, Austrian economics has been seen as almost exclusively
focused on microeconomics. Here, Steven Horwitz constructs a
systematic presentation of what Austrian macroeconomics would look
like. This original and highly accessible work will be of great
value and interest to professional economists and students.
In almost every corner of our private and public lives we rely on
experts to advise us. This important species of labor is getting
increasing attention from economists, who are beginning to learn
how to apply their tools and assumptions to the problem of
expertise. Under what conditions of supply and demand are experts
likely to give us good advice? When is expert failure more likely?
Do entrepreneurs challenge existing expertise? Are they experts
themselves? And if economists are themselves experts, what happens
when we turn the skeptical gaze of economic theory on the economist
themselves? This volume publishes papers given at the third
biennial Wirth Institute Conference on Austrian Economics. It
brings together a heterogeneous collection of thinkers, some
"Austrian" and others not, to critically engage the problem of
experts. While mostly agreeing that there is a problem of experts,
the papers collected here approach the issue from a variety of
often-complementary perspectives.
The term the 'Entangled political economy' was first coined by
Economist Richard E. Wagner of George Mason University who
challenged the "additive" political economy paradigm with his
"entangled political economy," which sees public and private
entities as equal and entwined players in exchange relations. This
volume examines entangled political economy from several distinct
but complementary points of view. The history of entangled
political economy is traced to Adam Smith and Carl Menger and its
implications are worked out for both theoretical and applied
economics. New directions in economic modeling are struck. Finally,
entanglement is found to imply complexity, which leads not only to
somewhat non-standard mathematical methods in economics, but also
principled limits to the explanatory and predictive power of
mathematical models in political economy. The volume demonstrates
that Wagner's notion of entanglement opens new vistas for political
economy in all its dimensions.
Austrian Economics: The Next Generation brings together emerging
and established scholars to explore the insights that can be
gleaned from applying Austrian economics to a range of different
topics. Spanning a variety of related disciplines, from history to
politics to public policy, this collection explores a wide range of
topics and how they relate to key Austrian themes. How has Austrian
economics evolved over the past 40 years? What is the relationship
between history and economic theory? How does the Austrian school
of economics compare to other evolutionary schools of economic
thought? What can public choice theory take from the concept of
emergent order? What role does departmental culture play in
enabling or deterring police misconduct? How do the multiple forces
shaping the evolution of economic inequality interact with one
another? What are the limitations of evidence-based policy? To what
extent do regulatory agencies recognize key Austrian insights? How
does the platform economy affect the possibilities for regulation
of traditional utilities? What can a defense of market institutions
rooted in market process theory learn from virtue ethics? Is a
classical liberal limited state best situated to cope with the
darker side of human nature, or might conservatism or social
democracy perform better? This collection explores each of these
topics in detail, providing fresh takes on a wide range of
important topics.
Scholars within the Hayekian-Austrian tradition of classical
liberalism have done virtually no work on the family as an economic
and social institution. In addition, there is a real paucity of
scholarship on the place of the family within classical liberal and
libertarian political philosophy. Hayek's Modern Family offers a
classical liberal theory of the family, taking Hayekian social
theory as the main analytical framework. Horwitz argues that
families are social institutions that perform certain irreplaceable
functions in society. These functions change as economic,
political, and social circumstances change, and the family form
adapts accordingly, kicking off the next wave of developments in
the social structure. In Hayekian terms, the family is an evolving
and undesigned social institution. Horwitz offers a
non-conservative defense of the family as a social institution
against the view that either the state or "the village" is able or
required to take over its irreplaceable functions.
Ayn Rand wrote and lectured on economic concepts and topics. This
volume addresses the economic and business aspects of her writings.
The authors of this anthology are from a variety of fields and all
of them are enthusiastic supporters of her ideas.
In the past, Austrian economics has been seen as almost exclusively focused on microeconomics. Here,Steven Horwitz constructs a systematic presentation of what Austrian macroeconomics would look like. This original and highly accessible work will be of great value and interest to professional economists and students. eBook available with sample pages: 0203456300
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