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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 of intellectual traditions in economic science is obvious in contemporary Austrian school economists. While one could argue that a unique Austrian school of economics operates within the economic profession today, one could also sensibly argue that the label ‘Austrian’ no longer possesses any substantive meaning.  (1)
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  • 1
    Online Resource
    Online Resource
    Handbook on contemporary Austrian economics (2010)
    Cheltenham, U.K : Edward Elgar
    Details
    ISBN: 9781849806473
    Language: English
    Pages: 1 Online-Ressource (xvii, 174 pages)
    Series Statement: Edward Elgar E-Book Archive
    Parallel Title: Erscheint auch als Handbook on contemporary Austrian economics
    DDC: 330.157
    RVK:
    QE 400
    RVK:
    QG 460
    Keywords: Wirtschaftswissenschaft ; Sozialwissenschaft ; Mikroökonomik ; Makroökonomik ; Österreichische Schule ; Ökonomische Ideengeschichte ; Microeconomics ; Macroeconomics ; Value ; Austrian school of economics ; Electronic books ; Austrian school of economics ; Wiener Schule
    Abstract: pt. 1. The science of economics -- pt. 2. Microeconomics -- pt. 3. Macroeconomics -- pt. 4. Conclusion.
    Abstract: This Handbook looks through the lens of the latest generation of scholars at the main propositions believed by so-called "Austrians". Each contributing author addresses key tenets of the school of thought, and outlines its ongoing contribution to economics and to the social sciences
    DOI: 10.4337/9781849806473
    URL: Volltext  (Deutschlandweit zugänglich)
    URL: Deutschlandweit zugänglich
    URL: Inhaltsverzeichnis
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