Free-market economics has attempted to combine efficiency and freedom by emphasizing the need for neutral rules and meta-rules. These efforts have only been partly successful, for they have failed to address the deeper, normative arguments justifying - and limiting - coercion. This failure has thus left most advocates of free-market vulnerable to formulae which either emphasize expediency or which rely upon optimal social engineering to foster different notions of the common will and of the common good. This book offers the reader a new perspective on free-market economics, one in which...
Free-market economics has attempted to combine efficiency and freedom by emphasizing the need for neutral rules and meta-rules. These efforts have ...
The substantial prosperity that characterizes market economies at the beginning of the twenty-first century is relatively recent in human history. Prior to the Industrial Revolution economic progress was so slow that people would not have been able to recognize it in their lifetimes, whereas today, economic progress is so much a part of people s lives that they take it for granted.
In this new volume, Randall Holcombe argues that economic analysis, as it developed through the twentieth century, relies heavily on concepts of economic equilibrium, and is not descriptive of the dynamic...
The substantial prosperity that characterizes market economies at the beginning of the twenty-first century is relatively recent in human history. ...
In these heady days of ever increasing globalization it has become vital to question whether governments should be allowed to protect domestic enterprises from foreign competitors. This book represents a first attempt to provide a new conceptual basis for discussing the cases in which free trade should be the option of choice in trade policy and those in which protectionism should be used. Luder Gerken expands the economic tool of ordo-liberalism, founded by Walter Eucken and developed by Friedrich von Hayek, to make it applicable to foreign trade. With impressive clarity and ingenuity,...
In these heady days of ever increasing globalization it has become vital to question whether governments should be allowed to protect domestic enterpr...
Important and celebrated economist Leland Yeager is one of the architects of the 'Virginia School' of political economy that has produced two Nobel laureates (James Buchanan and Ronald Coase) and the Public Choice movement.
A number of top class contributors have here been brought together to produce a festschrift in Yeager's honor - edited by Roger Koppl, and including the aforementioned Buchanan, Gordon Tullock, David Colander, Deirdre McCloskey and Roger Garrison.
Important and celebrated economist Leland Yeager is one of the architects of the 'Virginia School' of political economy that has produced two Nobel...
Enterpreneurship is central to the market process, and yet most theories of it fail to tackle the problem of how economic agents learn from their experience. This book redresses this by systematically applying the ideas of Karl Popper. It treats the entrepeneur as a theorist who develops conjectures which are then tested by exposure to the market, in an effort to eliminate errors. This is a critical aspect of the development of new ventures, as most entrepeneurial ideas turn out to be mistakes, at least in their original form.
Enterpreneurship is central to the market process, and yet most theories of it fail to tackle the problem of how economic agents learn from their expe...
Kevin Dowd asserts that state intervention into financial and monetary systems has failed, and that we would be better off if financial markets were left to regulate themselves. This collection will appeal to students, researchers and policy makers in the monetary and financial area.
Kevin Dowd asserts that state intervention into financial and monetary systems has failed, and that we would be better off if financial markets were l...
This book gathers a collection of English language essays by Jesus Huerta de Soto over the past ten years, examining the dynamic processes of social cooperation which characterize the market, with particular emphasis on the role of both entrepreneurship and institutions. The author's multidisciplinary approach to the subject is in keeping with a trend in economic thought established by the Austrian school of economics; a discourse that had witnessed a significant revival over the last thirty years. Areas covered in this book include an introduction to the theory of dynamic efficiency as an...
This book gathers a collection of English language essays by Jesus Huerta de Soto over the past ten years, examining the dynamic processes of social c...
In Keynes' General Theory of Interest Fiona Maclachlan rehabilitates the largely discredited liquidity preference theory of interest, providing an original and rigorously reasoned restatement of the theory. Her provocative book draws on the methodological tenets of the Austrian school and is grounded firmly both in the history of economic thought and in real world economic institutions.
In Keynes' General Theory of Interest Fiona Maclachlan rehabilitates the largely discredited liquidity preference theory of interest, providing an ori...
This collection of Ludwig Lachmann's essays challenges contemporary attitudes to economics and seeks to apply an interpretive approach to the discipline. The essays, spanning six decades, address a wide range of issues in microeconomics, macroeconomics, methodology and the history of thought. They outline Lachmann's approach to economics, with the emphasis on the meaning of human institutions in a world of unpredictable change, rather than on quantitative and stable relations.
This collection of Ludwig Lachmann's essays challenges contemporary attitudes to economics and seeks to apply an interpretive approach to the discipli...
