Hardbound. Research in Labor Economics focuses on various aspects of labor markets and how these markets affect our well-being. As such, this volume contains eleven chapters: three on labor supply, directly dealing with various aspects of the participation decision; two on human capital, the accumulation of worker skills; three directly on employee earnings; and three on the distribution of earnings throughout society.

"Austrian economics and entrepreneurial studies have both expanded greatly in the last twenty or thirty years. Unfortunately, they have developed more or less independently of each other. Austrian economics has enjoyed a revival since 1973 or 1974. In 1973 Israel Kirzner published his classic book, Competition and Entrepreneurship, which outlined an entrepreneurial theory of the market process. In 1974 F. A. Hayek was awarded the Nobel Memorial Prize in Economics. The same year saw the famous South Royalton conference, which is the traditional origin of the "Austrian revival." The...

Since the works by Ludwig von Mises and F.A. von Hayek in the 1920s, the Austrian School of Economics has developed a unique analysis of how the interventions by governments may cause problems, which in turn may lead to calls for further intervention. The Austrian concept of how such a dynamic of interventionism may evolve has however never been very influential outside the Austrian School nor been widely applied for empirical studies. This volume seeks to bring together economists and political scientists with perspectives from both Austrian and public choice analysis so as to further enrich...

The contributors to this volume seriously engage issues in the crossroads where biology, psychology, and economics meet. The volume makes several important contributions to the area and provides an overview of the current state of knowledge. Biologist David Sloan Wilson, psychologists Robert Kurzban and C.A. Aktipis, economists Geoffrey Hodgson, Paul Rubin and Evelyn Gick, and jurist David Friedman consider altruism, selfishness, group selection, methodological individualism, dominance hierarchies, and other issues relating evolutionary psychology to economics. Several contributors, such as...

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...