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Austrian capital theory : a modern survey of the essentials
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ISBN: 1108582184 1108696015 110875273X 1108735886 Year: 2019 Publisher: Cambridge : Cambridge University Press,

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This Element presents a new framework for Austrian capital theory, starting from the notion that capital is value. Capital is the value attributed by the valuer at any moment in time to the combination of production-goods and labor available for production. Capital is the result obtained by calculating the current value of a business-unit or business-project that employs resources over time. It is the result of a (subjective) entrepreneurial calculation process that relates the flow of consumptions goods to the value of the productive resources that will produce those consumptions goods. The entrepreneur is a ubiquitous calculating presence. In a review of the development of Austrian capital theory, by Carl Menger, Eugen von Böhm-Bawerk, Ludwig von Mises, Friedrich Hayek, Ludwig Lachmann as well as recent contributions, the Element incorporates the seminal contributions into the new framework in order to provide a more accessible perspective on Austrian capital theory.


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Austrian economics : the next generation
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ISBN: 1787565793 1787565777 9781787565777 1787565785 1787565807 9781787565784 Year: 2019 Publisher: United Kingdom : Emerald Publishing,

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'Austrian Economics: The Next Generation' brings together emerging and established scholars to explore the insights that can be gleaned from applying Austrian economics to a range of different topics. Spanning a variety of related disciplines, from history to politics to public policy, this collection explores a wide range of topics and how they relate to key Austrian themes. How has Austrian economics evolved over the past 40 years? What is the relationship between history and economic theory? How does the Austrian school of economics compare to other evolutionary schools of economic thought? What can public choice theory take from the concept of emergent order? What role does departmental culture play in enabling or deterring police misconduct? How do the multiple forces shaping the evolution of economic inequality interact with one another? What are the limitations of evidence-based policy? To what extent do regulatory agencies recognize key Austrian insights? How does the platform economy affect the possibilities for regulation of traditional utilities? What can a defense of market institutions rooted in market process theory learn from virtue ethics? Is a classical liberal limited state best situated to cope with the darker side of human nature, or might conservatism or social democracy perform better? This collection explores each of these topics in detail, providing fresh takes on a wide range of important topics.


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Austrian perspectives on entrepreneurship, strategy, and organization
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ISBN: 1108777740 110877606X 1108781934 1108745806 Year: 2019 Publisher: Cambridge : Cambridge University Press,

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The 'Austrian' tradition is well-known for its definitive contributions to economics in the twentieth century. However, Austrian economics also offers an exciting research agenda outside the traditional boundaries of economics, especially in the management disciplines. This Element examines how Austrian ideas play a key role in expanding the understanding of fields like entrepreneurship, strategy, and organization. It focuses especially on the vital role that entrepreneurs play in guiding economic progress by shaping firms and their strategic behavior. In doing so, it explains a wide range of contributions that Austrian economics makes to the understanding of key problems in management, while also highlighting many directions for future work in this inspiring tradition.


Book
The marginal revolutionaries : how Austrian economists fought the war of ideas
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ISBN: 0300228228 9780300228229 0300249179 Year: 2019 Publisher: New Haven, CT : Yale University Press,

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A group history of the Austrian School of Economics, from the coffeehouses of imperial Vienna to the modern-day Tea Party The Austrian School of Economics-a movement that has had a vast impact on economics, politics, and society, especially among the American right-is poorly understood by supporters and detractors alike. Defining themselves in opposition to the mainstream, economists such as Ludwig von Mises, Friedrich Hayek, and Joseph Schumpeter built the School's international reputation with their work on business cycles and monetary theory. Their focus on individualism-and deep antipathy toward socialism-ultimately won them a devoted audience among the upper echelons of business and government.   In this collective biography, Janek Wasserman brings these figures to life, showing that in order to make sense of the Austrians and their continued influence, one must understand the backdrop against which their philosophy was formed-notably, the collapse of the Austro†'Hungarian Empire and a half†'century of war and exile.

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