An introduction to Austrian Economics

Opis książki:

The history of economic thought, like that of other disciplines, reveals a mixture of systems of thought that have been separated into particular schools of ideas. This method of categorizing the ideas of different thinkers concentrates on the likenesses of certain groups while overshadowing their differences. The French Physiocrats who rosę to prominence during the second half of the eighteenth century represent the first modern school of economic thought. Ciassical economic thought, Marxism, and socialism subsequently followed. During the latter part of the nineteenth century there emerged in western Europę two ciashing schools of economic thought: the German Historical school and the Austrian school. The German Historical school sought to discover economic truth through the study of economic history. In 1883 their empirical methodology became the target of the earły Austrians, who maintained that economic knowledge arises from theoretical anałysis and not from the study of history. Por morę than two decades, the Methodenstreit, or controversy over methods, persisted. This monograph is an attempt to explain the essential ideas of the Austrian school, which began with Cari Menger, professor of political economy at the University of Vienna from 1873 to 1903. In 1871 in his Grundsdtze der Yoikswirtschaftsiehre (Principles of Economics), Menger produced a theory ofvalue that was to resolve the question that had so long perplexed the great dassical economists.

Książka "An introduction to Austrian Economics" - Thomas C. Taylor - oprawa miękka - Wydawnictwo The Ludwig von Mises Institute.