A central theme of the books in this series is the importance of understanding and assessing the economy from a perspective broader than the static economics of perfect competition and Pareto optimality. Accordingly, Institutional arrangements are assessed with respect to their ability to promote the discovery and use of knowledge in society.
By Randall Holcombe
February 27, 2015
The substantial prosperity that characterizes market economies at the beginning of the twenty-first century is relatively recent in human history. Prior to the Industrial Revolution, economic progress was so slow that people would not have been able to recognize it in their lifetimes, whereas today...
By David A Harper
December 22, 2014
Enterpreneurship is central to the market process, and yet most theories of it fail to tackle the problem of how economic agents learn from their experience. This book redresses this by systematically applying the ideas of Karl Popper. It treats the entrepeneur as a theorist who develops ...
Edited
By Don Lavoie
December 22, 2014
This collection of Ludwig Lachmann's essays challenges contemporary attitudes to economics and seeks to apply an interpretive approach to the discipline. The essays, spanning six decades, address a wide range of issues in microeconomics, macroeconomics, methodology and the history of thought. They ...
By Esteban F. Thomsen
December 22, 2014
The growth of information economics has lead to a substantial re-consideration of the role of prices. Instead of the conventional neo-classical view of prices as straightforward indicators of scarcity, information economics emphasises that prices can be sources from which agents infer information ...
By Frank Machovec
December 01, 2014
Frank Machovec argues that the assumption of perfect information has done untold economic damage. It has provided the rationale for active state intervention and has obscured the extent to which entrepreneurial activity depends upon the exploitation of asymmetric information....
By Emily Chamlee-Wright
December 01, 2014
Chalmlee-Wright argues that international aid programmes have often been unsuccessful because they are imported. The economics of the Austrian School provide a far stronger theoretical framework which can introduce cultural analysis into questions of economic development and other market processes....
By Jesús Huerta De Soto
May 16, 2014
This book gathers a collection of English language essays by Jesús Huerta de Soto over the past ten years, examining the dynamic processes of social cooperation which characterize the market, with particular emphasis on the role of both entrepreneurship and institutions. The author’s ...
By Kevin Dowd
April 24, 2014
Kevin Dowd asserts that state intervention into financial and monetary systems has failed, and that we would be better off if financial markets were left to regulate themselves. This collection will appeal to students, researchers and policy makers in the monetary and financial area....
By Fiona MacLachlan
November 27, 2013
In Keynes' General Theory of Interest Fiona Maclachlan rehabilitates the largely discredited liquidity preference theory of interest, providing an original and rigorously reasoned restatement of the theory. Her provocative book draws on the methodological tenets of the Austrian school and is ...
By Richard Wagner
November 08, 2013
Economics originated as a branch of the humane studies that was concerned with trying to understand how some societies flourish while others stagnate, and also how once-flourishing societies could come to stagnate. Over the major part of the 20th century, however, economists mostly turned away from...
By Enrico Colombatto
August 07, 2013
Free-market economics has attempted to combine efficiency and freedom by emphasizing the need for neutral rules and meta-rules. These efforts have only been partly successful, for they have failed to address the deeper, normative arguments justifying – and limiting – coercion. This failure has thus...
By Luder Gerken
November 14, 2012
In these heady days of ever increasing globalization it has become vital to question whether governments should be allowed to protect domestic enterprises from foreign competitors.This book represents a first attempt to provide a new conceptual basis for discussing the cases in which free trade ...