In the past, Austrian economics has been seen as almost exclusively focused on microeconomics, and defined by its subjective methodology and understanding of the market as a competitive discovery process, favouring a focus on phenomena such as price coordination and entrepreneurship over macroeconomic concepts. There are, however, three distinct macroeconomic issues that have been pursued by Austrian economists in the post-revival years; the extensions of the Mises-Hayek theory of the trade cycle, the idea of free banking or a completely market-driven monetary system and the pre-Keynesian...
In the past, Austrian economics has been seen as almost exclusively focused on microeconomics, and defined by its subjective methodology and understan...
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 the past, Austrian economics has been seen as almost exclusively focused on microeconomics. Here, Steven Horwitz constructs a syst...
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...
Scholars within the Hayekian-Austrian tradition of classical liberalism have done virtually no work on the family as an economic and social institutio...
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...
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...
Scholars within the Hayekian-Austrian tradition of classical liberalism have done virtually no work on the family as an economic and social institution. Hayek's Modern Family offers a classical liberal theory of the family, taking Hayekian social theory as the main analytical framework.
Scholars within the Hayekian-Austrian tradition of classical liberalism have done virtually no work on the family as an economic and social institutio...
