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The author blends historical narrative with a topical approach and discusses such aspects of the theory as measurement, total value, and imputation. Originally published in 1965.The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
Marginal utility. --- Diminishing marginal utility --- Final utility --- Utility, Final --- Utility, Marginal --- Marginal utility --- Utility theory --- Austrian school of economics
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Im Rahmen des Projekts "Duncker et Humblot reprints" heben wir Schätze aus dem Programm der ersten rund 150 Jahre unserer Verlagsgeschichte, von der Gründung 1798 bis zum Ende des Zweiten Weltkriegs 1945. Lange vergriffene Klassiker und Fundstücke aus den Bereichen Rechts- und Staatswissenschaften, Wirtschafts- und Sozialwissenschaften, Geschichte, Philosophie und Literaturwissenschaft werden nach langer Zeit wieder verfügbar gemacht.
Value --- Marginal utility. --- Diminishing marginal utility --- Final utility --- Utility, Final --- Utility, Marginal --- Utility theory --- Austrian school of economics --- Standard of value --- Cost --- Economics --- Exchange --- Wealth --- Prices --- Supply and demand --- History.
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This book provides an overview of the evolution and theories of the Austrian School of Economics and develops answers to current economic questions and the pressing problems of the 21st century from the Austrian perspective. Readers will learn about the fundamental ideas of the Austrian School, the current state of Austrian economics, and the intellectual figures and institutions that sustain it as a vibrant intellectual movement. International experts on Austrian economics cover topics such as the economic impact of pandemics, trade blocs, federalism and European integration, and the economic development of China. The book also discusses the influence of the Austrian School on modern economic thought and mainstream economics, as well as on policymakers. It will appeal to students and scholars of economics and to anyone interested in social and economic liberalism.
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In recent years there has been a spectacular revival of interest in the economics of the Austrian school.New Perspectives on Austrian Economics includes*A keynote chapter by Israel Kirzner on the question of subjectivism within Austrian Economics*Chapters on Menger, Hayek and Schumpeter*the Socialist Calculation debate*Austrian perspectives on key theoretical issues including Uncertainty and Business Cycle Theory*the policy implications of Austrian economics
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This book argues that the work of the Austrian economists, including Carl Menger, Joseph Schumpeter, Ludwig von Mises and Friedrich Hayek, has been too narrowly interpreted. Through a study of Viennese politics and culture, it demonstrates that the project they were engaged in was much broader: the study and defense of a liberal civilization. Erwin Dekker shows the importance of the civilization in their work and how they conceptualized their own responsibilities toward that civilization, which was attacked left and right during the interwar period. Dekker argues that what differentiates their position is that they thought of themselves primarily as students of that civilization rather than as social scientists, or engineers. This unique focus and approach is related to the Viennese setting of the circles, which constitute the heart of Viennese intellectual life in the interwar period.
Austrian school of economics. --- Economics --- Economic theory --- Political economy --- Social sciences --- Economic man --- Austrian school of economists --- Marginalist school of economics --- Schools of economics --- Marginal utility --- History.
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The notion of marginalism is central to modern economic theory. Its emergence, in the 1870s, underpinned the change from classical economics to modern (micro)economics, described by Schumpeter as a 'revolution'. This book explores the origins of the concept, its development and role in modern economics and shows why the marginalist approach is much more than a set of mathematical rules.
The book examines how marginalism and its development of calculus came about in a variety of different arenas, including as a reaction to Ricardo's dominant theory of rents, in von Thunen's location model, in the writings of German and French authors, both within the mainstream and outside it, before going on to look in detail at the work of Jevons, Walras and Menger, the economists most closely associated with the marginal revolution.
By exploring the origins and development of the marginalist approach within the history of economic thought, rather than seeking to explain it in forbidding formal terms, the book is better able to show students the wider importance of the marginalist approach in economic theory and its far-reaching societal implications in terms of the distribution of wages and capital. For anyone who has struggled with the technicalities of microeconomic theory, this approach will be warmly welcomed.
Austrian school of economics. --- Economics --- Austrian school of economists --- Marginalist school of economics --- Schools of economics --- Marginal utility --- History. --- Austrian school of economics
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This book constructs a systematic presentation of what Austrian macroeconomics would look like. The book is original and highly accessible and will appeal to professional economists and students.
Austrian school of economics. --- Austrian school of economics --- Microeconomics --- Macroeconomics --- Business & Economics --- Economic Theory --- Macroeconomics. --- Microeconomics. --- Price theory --- Austrian school of economists --- Marginalist school of economics --- Economics --- Schools of economics --- Marginal utility
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Carl Menger, Friedrich Wieser and Eugen Bohm-Bawerk are acknowledged as pioneers in the development of neoclassical economics, as well as being recognized as the founders of the Austrian School of Economics. Neoclassical Microeconomic Theory examines their contribution and compares it with the other branches of neoclassical economics that emerged between the 1870's and 1930's. The author begins by exploring the initial stimulus provided by Carl Menger's work, and then demonstrates how the views of Menger, Weiser and Bohm-Bawerk complement one another and the tensions exhibited bet
Austrian school of economics. --- Neoclassical school of economics. --- Microeconomics. --- Microeconomics --- Economic schools --- Price theory --- Economics --- Cambridge school of economics --- Marshallian economics --- Classical school of economics --- Schools of economics --- Austrian school of economists --- Marginalist school of economics --- Marginal utility
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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 of the papers focus on the differences between the US and Canadian experiences during the early 21st century, while other contributors offer critical extensions of Austrian monetary and business cycle theory. The volume also includes empirical applications to the housing boom and bust, and several papers consider the place of Austrian macroeconomics within the schools approach to political economy and public policy more generally. Studies in Austrian Macroeconomics shows the breadth and depth of modern macroeconomics in the Austrian tradition.
E-books --- Austrian school of economics --- Macroeconomics --- Austrian school of economics. --- Macroeconomics. --- Economics --- Austrian school of economists --- Marginalist school of economics --- Schools of economics --- Marginal utility --- Political Science --- Political economy. --- Economic Conditions.
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The relationship between the Austrian tradition and Bloomington institutionalism has been part of a larger intellectual evolution of a family of schools of thought that coevolved in multiple streams over the last 100 years or so. The Bloomington scholars, once they delineated the broader parameters of their own research program, started to reconstruct, reinterpret, and in many cases simply rediscover and reinvent Austrian insights and themes. As such, they created the possibility of giving those insights and themes new interpretations and new applications, in novel circumstances with new research priorities, in particular, public administration, governance and collective action, and entrepreneurship in non-market settings. Was there a programmatic and explicit effort to recover and reinvent the Austrian tradition? The answer has to be an emphatic 'no'. But that is precisely the reason why the Ostroms' work should be interesting to scholars working in the Austrian tradition. The thematic convergence and the compatibility and complementarity between the Austrian and Bloomington schools is driven by their internal underlying theoretical logic and by the logic of problem solving. Upon closer inspection, the underlying familial and genealogical connections reveal themselves again and again. The convergence and interplay between these two intellectual traditions is rich and productive. On the one hand, it stands as a demonstration of the applied relevance of the set of approaches and issues that we traditionally associate with the Austrian tradition. On the other hand, it is a challenge to further explore and elaborate this area. This volume is an attempt to respond to that challenge.
Austrian school of economics. --- Austrian school of economists --- Marginalist school of economics --- Schools of economics --- Marginal utility --- Economics --- Sociological aspects. --- Economic sociology --- Socio-economics --- Socioeconomics --- Sociology of economics --- Sociology --- Economic theory --- Political economy --- Social sciences --- Economic man --- Social aspects
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