Austrian Economics Routledge Revivals

First published in 1986, this book presents a reissue of the first detailed confrontation between the Austrian school of economics and Austrian philosophy, especially the philosophy of the Brentano school. It contains a study of the roots of Austrian economics in the liberal political theory of the nineteenth-century Hapsburg empire, and a study of the relations between the general theory of value underlying Austrian economics and the new economic approach to human behaviour propounded by Gary Becker and others in Chicago. In addition, it considers the connections between Austrian methodology and contemporary debates in the philosophy of the social sciences.

Austrian Economics Re-examined: The Economics of Time and Ignorance is an expanded version of the 1996 edition of The Economics of Time and Ignorance. This work is a classic statement of the role of subjectivism, radical uncertainty and change through real time in Austrian economics specifically, and in modern economics more generally. The new book contains the full text and Introductions of the earlier edition as well as the comprehensive previously-unpublished essay "What is Austrian Economics?" and a new Introduction. The essay is a comprehensive overview of the central themes of the book from a somewhat different perspective than in the book itself. It supplements the analysis in the book. The new Introduction explains that the 2007-8 financial crisis and recent developments in behavioural economics have made the book more relevant than ever before. Austrian Economic Re-examined develops and systematizes the fundamental principles of the Austrian tradition to the analysis of rational expectations, business cycles, monetary theory competition and monopoly, and capital theory. The Open Access version of this book, available at https://www.taylorfrancis.com/books/oa-edit/10.4324/9781315776736, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license.

This book presents essays by an outstanding team of international specialists and covers a wide range of topics, including (inter alia) the relationships between the Austrian and Swedish theories of the business cycle, the on-going debates between Austrians and (Post) Keynesians, Schumpeter's 'Walrasian' stand in the socialist calculation debate, and the Austrian roots of Neo-Institutional economics. The studies stress the unique Austrian contributions to economic methodology and to the theory of entrepreneurship, while revealing unexpected methodological and philosophical similarities between, among others, Hayek and Marx.

First published in 1989, this re-issue concerns itself with the relevance of Max Weber's sociology for the understanding of modern times. The book outlines key tenets of Weber's sociology and points to the valuable legacy of Weber's thought in contemporary intellectual debate, particularly with regard to secularization and rationalization of global cultures, the crisis of Marxism, the rise of the New Right and the emergence of post-modernism. This book offers an authoritative and insightful study which brings to light, not only the contemporary relevance of Weber's social theory, but also offering a broad perspective for the analysis of social questions.

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

The Economics of Time and Ignorance is one of the seminal works in modern Austrian economics. Its treatment of historical time and of uncertainty helped set the agenda for the remarkable revival of work in the Austrian tradition which has led to an ever wider interest in the once heretical ideas of Austrian economics. It is here reprinted with a substantial new introductory essay, outlining the major developments in the area since its original publication a decade ago.

This book argues, against the dominant orthodoxy in the history of economic thought, for the originality of Carl Menger's contribution to the development of the Austrian school of economics. Situating the evolution of Menger's thought in the tradition of classical political economy, the author documents the emergence of a Mengerian logic and its contribution to the formation of a distinctly Austrian tradition of economics. In its bold elucidation of the shaping of a tradition in economic thought, Tradition and Innovation in Austrian Economics provides a fresh and challenging perspective on the Austrian school which will be of interest to researchers in Austrian economics and the history of economic thought.

First published in 1987, Professor O'Sullivan's work provides an in depth philosophical examination of the foundations of method in Economics and other human sciences. The argument is unabashedly dialectical in the great Socratic-Platonic tradition, and the reissue will be very welcome to all students of methodology, in particular those students of economic methodology seeking a refreshing alternative to yet more mathematical game playing. In an age dominated and perhaps to an extent perplexed by an ultimately non-committal postmodernism the book provides a root and branch critique of the epistemological relativism which must lie at the root of the whole post-modernist approach; and in reasserting the fundamental importance not only for the methods of science but also for European civilisation of the pursuit of truth it takes a stance which is very much against the tide of the times. A heterodox perspective is also provided and defended in detail regarding the real nature of economic methodology whereby it is shown that Economics epitomises a teleological mode of explanation which is significantly different from the efficient causal modes of explanation of the natural sciences. In fact Economics is the ultimate subjectivist/interpretative discipline in the methodological sense of Max Weber and Alfred Schutz, a fact which has only been recognised (and welcomed) in the Austrian school of Economics.