This monograph outlines a critical assessment of the coherence of Salamon’s paradigm from a largely Austrian economic perspective examines the potential for Lohmann’s suggested revisions, and begins to explore how Austrian economic theory can advance our understanding of the social role of nonprofit voluntary organizations.
This study on the history of Soviet economic thought during the first years after the Bolshevik revolution of 1917 is much more than the regular academic scribble on this turbulent period of modern history. It is a systematic treatise on economic theory.
Ludwig von Mises is not the most well-known classical liberal political economist of the twentieth century, but among those in the know, he is considered to be the architect of Austrian economic thought, the most ardent defender of classical liberalism in the last century and history's strongest critic of socialism.
This set contains the material necessary for a full understanding of the Socialist Calculation debate, as well as giving critical insight into the relative merits of Capitalism, Socialism and the alternative Market Socialism.
This major three volume collection - offered in the centenary year of Hayek's birth - celebrates a lifetime of scholarship and original contributions that cross the disciplines of politics, philosophy and economics.
Market process theory is principally concerned with explaining how the market moves towards a state of general economic equilibrium and how production and consumption plans become coordinated. Market Process Theories presents in two volumes the most important articles by leading economists which contribute to an understanding of such an analysis of the processes of economic coordination.
This work features more than 80 specially-commissioned entries on key concepts relating to Austrian economics. It highlights the common ground between all the branches of Austrian economics while demonstrating the diversity of the school.
Conventional wisdom has it that government management of the economy is the means to transform a backward economy into a dynamic, modern one. Yet, after decades of international aid programs, development planning is today largely perceived as a failure paralyzed by its own bureaucracy and inefficiency. Despite billions of dollars of investment, development successes are few and far between and waste and mismanagement abounds.
This volume presents a series of articles by Austrian School economists. It covers a range of economic issues: equilibrium theory, free banking, public choice and the problems of contemporary social reform. It introduces the diversity of contemporary Austrian economics and covers recent research.
This paper traces out the development of Hayek's focus on the epistemic foundations of the complex coordination in an advanced market economy and shows that his critique of classical and market socialism led to a refined, subtle approach to understanding spontaneous order. Furthermore, it is precisely Hayek's focus on the role of institutions in creating the conditions for the utilization and transference of knowledge through the price system that continues to shape the progressive research programs in economic science and public policy analysis that is his legacy.