| Document Type
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BL
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| Record Number
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995514
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| Doc. No
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b749884
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| Title & Author
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Handbook on contemporary Austrian economics /\ edited by Peter R. Boettke.
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| Publication Statement
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Cheltenham ;Northampton, Mass. :: Edward Elgar,, ©2010.
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| Page. NO
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1 online resource (xviii, 174 pages)
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| ISBN
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1283457768
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: 1849806470
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: 9781283457767
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: 9781849806473
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1847204112
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9781847204110
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| Bibliographies/Indexes
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Includes bibliographical references and index.
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| Contents
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Cover; Copyright; Contents; Contributors; Introduction; PART I THE SCIENCE OFECONOMICS; 1 Only individuals choose; 2 Economics as the study of coordination and exchange; 3 The facts of the social sciences are what people believe and think; PART II MICROECONOMICS; 4 Economic value and costs are subjective; 5 Price: the ultimate heuristic; 6 Without private property, there can be no rational economic calculation; 7 The competitive market is a process of entrepreneurial discovery; PART III MACROECONOMICS; 9 Some implications of capital heterogeneity.
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| Abstract
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The Austrian school of economics was founded in 1871 with the publication of Carl Menger's Principles of Economics. In his book, Menger argued that economic analysis is universally applicable and that the appropriate unit of analysis is man and his choices. These choices, he wrote, are determined by individual subjective preferences and the margin on which decisions are made. The logic of choice, he believed, is the essential building block to the development of a universally valid economic theory. The home of the field moved first to Britain and then on to the US and at present, a diverse mix.
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| Subject
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Austrian school of economics.
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Macroeconomics.
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Microeconomics.
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Value.
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Austrian school of economics.
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BUSINESS ECONOMICS-- Economics-- Theory.
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Macroeconomics.
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Microeconomics.
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| Subject
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Value.
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| Dewey Classification
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330.157
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| LC Classification
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HB98.H36 2010eb
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| Added Entry
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Boettke, Peter J.
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