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Austrian Economics : Tensions and New Directions - Bruce J. Caldwell

Austrian Economics

Tensions and New Directions

By: Bruce J. Caldwell (Editor), Stephan Boehm (Editor)

Hardcover

Published: 31st July 1993
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When we first invited the group of distinguished scholars represented here to contribute to a new volume on Austrian economics, four themes were stressed: tensions, new directions, selectivity, and criticism. In this brief introduction we will explain why those themes were emphasized and thereby shed light on our intentions and aspirations for the volume. The subtitle "Tensions and New Directions" indicates clearly the intent of the volume desired. If we take the 1871 publication of Carl Menger's Principles of Economics (Grundsiitze der Volkswirthschaftslehre) as markĀ­ ing its birth, the Austrian tradition is now well over one hundred years old. The origins of the so-called "Austrian Revival" are more difficult to pinpoint precisely, but many would accept two decades as a reasonable estimate of its lifespan. In any case, since the mid-1970s several collections of articles written by Austrians have been published. The intent of these collections appeared to be to educate, persuade, and inspire various audiences. Uninformed readers needed to be told about the specifics of the Austrian position, to be shown how it differed from and improved upon its rivals. The initiated needed to be reassured that their commitment to a novel program was justified. As such, much of the recent Austrian literature has consisted either of exegetical accounts of the views of past figures, or of critical assessments of the positions of alternative research programs in economics from an Austrian perspective.

Contributing Authors
Preface
Austrian Economics Between the Wars: Some Historiographical Problemsp. 1
Commentary
The Market as an Isolated Causal Process: A Metaphysical Ground for Realismp. 35
Commentary
Kirzner's Theory of Entrepreneurship - A Critiquep. 67
Commentary: Entrepreneurship Uncertainty and Austrian Economics
Subjectivism, Explanation and the Austrian Traditionp. 103
Commentary: Shearmur on Subjectivism: Discussion
Market Co-ordinationp. 137
Commentary
Orders and Organizations: Toward an Austrian Theory of Social Institutionsp. 165
Commentary: Institutional Evolution and Methodological Individualism
On the Possibility of Austrian Welfare Economicsp. 193
Commentary: Austrian Prescriptive Economics
Turning Austrian Economics into an Evolutionary Theoryp. 215
Commentary: A Non-Austrian Assessment
Afterword: Austrian Economics for the Twenty-First Centuryp. 245
Afterword: Appraising Austrian Economics: Contentions and Misdirectionsp. 257
Indexp. 269
Table of Contents provided by Blackwell. All Rights Reserved.

ISBN: 9780792392620
ISBN-10: 0792392620
Series: RECENT ECONOMIC THOUGHT SERIES
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 283
Published: 31st July 1993
Publisher: Springer
Country of Publication: NL
Dimensions (cm): 24.13 x 16.51  x 2.54
Weight (kg): 0.57