The cognitive sciences, having emerged in the second half of the twentieth century, are recently experiencing a spectacular renewal which cannot leave unaffected any discipline that deals with human behavior. The primary motivation for our project has been to weigh up the impact that this ongoing revolution of the sciences of the mind is likely to have on social sciences ??? in particular, on economics. The idea was to gather together a diverse group of social scientists to think about the following questions. Have the various new approaches to cognition provoked a crisis in economic science?...

The Austrian tradition in economic thought had a profound influence on the development of post-war economics including neoclassical orthodoxy, game theory, public choice, behavioral economics, experimental economics and complexity economics. Much of what was once unique to the Austrian school has become part of the cognitive DNA of work-a-day economists. Because these Austrian roots have gone largely unrecognized, economists often wonder quite sincerely what the fuss is about when it comes to the Austrian school. In this sense, the Austrian school has been a victim of its own success. The...

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...

The theme of this volume is 'New Thinking in Austrian Political Economy'. It includes original research by scholars working within Austrian political economy. The contributors draw on insights from Austrian economics that shed new light on a range of relevant topics including: the role of culture in economic action, the political economy of post-disaster recovery, class structure, decentralized political orders, drones, institutional change, macroeconomics, and superstition and norms. Each chapter discusses the relevance of Austrian political economy for understanding the topic under analysis...