1st Edition
The Economic Theory of Costs Foundations and New Directions
Introduction: "The Economic Theory of Costs in Perspective"
Matthew McCaffrey
Cost and Choice
Chapter 1:"Contemporary Debates on Opportunity Cost Theory and Pedagogy"
Jonathan Newman
Chapter 2: "The ‘Income Effect’ in Causal-Realist Price Theory"
Joseph T. Salerno
The Evolution of Causal-Realist Production Theory
Chapter 3:"From Marshallian Partial Equilibrium to Austrian General Equilibrium: The Evolution of Rothbard’s Production Theory"
Patrick Newman
Chapter 4: "Man, Economy and State, Original Chapter 5: Producer’s Activity"
Murray N. Rothbard
Risk, Uncertainty, and Cost
Chapter 5: "The Myth of the Risk Premium"
Jörg Guido Hülsmann
Chapter 6: "Time and the Theory of Cost"
Jeffrey M. Herbener
Causal-Realist Price Theory: Debate and Synthesis
Chapter 7: "Monopsony Theory Revisited"
Xavier Méra
Chapter 8: "Costs and Pricing: An Austro-Post-Keynesian Synthesis?"
Mateusz Machaj
Economic Organization, Entrepreneurship, and the Firm
Chapter 9: "Austrian Economics and Transaction Cost Economics: Notes on a Doubtful Compatibility"
Mihai-Vladimir Topan
Chapter 10: "The Management Problem of Socialism: Cost at the Expense of Value"
Per L. Bylund
Chapter 11: "Economic Calculation and the Limits of Social Entrepreneurship"
Matthew McCaffrey
Biography
Matthew McCaffrey is Assistant Professor of Enterprise in the Alliance Manchester Business School, University of Manchester, UK. His research focuses on entrepreneurial decision making, the role of entrepreneurship in social and economic development, and the institutional conditions in which enterprise thrives.
