This collection presents the key developments in the 120-year history of the Austrian School of Economics from the 1870s to the writings of Mises and Hayek.

This collection presents the key developments in the 120-year history of the Austrian School of Economics from the 1870s to the writings of Mises and Hayek.

This collection presents the key developments in the 120-year history of the Austrian School of Economics from the 1870s to the writings of Mises and Hayek.

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.

Examines the post-1970s area of the Austrian economic tradition, from its revival to its contemporary directions and development. The book comprises texts on the relationship of Austrian economics to Institutionalism, Evolution, and Post-Keynesian economics to present a look at "the way forward".

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.

Is There Progress in Economics? should be given relatively high marks. First, the quality of the papers is quite high, and second, the editors did a relatively good job of selecting, arranging and editing the contributions so that the volume really does focus on the question in its title. The editors introduction also contributes to the overall effect by attempting to tie all of the papers together into a reasonably tight bundle. D. Wade Hands, Economic Record This thought-provoking book discusses the concept of progress in economics and investigates whether any advance has been made in its different spheres of research. The authors look back at the history, successes and failures of their respective fields and thoroughly examine the notion of progress from an epistemological and methodological perspective. The idea of progress is particularly significant as the authors regard it as an essentially contested concept which can be defined in many ways theoretically or empirically; locally or globally; or as encouraging or impeding the existence of other research traditions. The authors discuss the idea that for progress to make any sense there must be an accumulation of knowledge built up over time rather than the replacement of ideas by each successive generation. Accordingly, they are not concerned with estimating the price of progress, reminiscing in the past, or assessing what has been lost. Instead they apply the complex mechanisms and machinery of the discipline to sub-fields such as normative economics, monetary economics, trade and location theory, Austrian economics and classical economics to critically assess whether progress has been made in these areas of research. Bringing together authoritative and wide-ranging contributions by leading scholars, this book will challenge and engage those interested in philosophy, economic methodology and the history of economic thought. It will also appeal to economists in general who are interested in the advancement of their profession.

The role of the German Historical School and of Carl Menger (founder of the Austrian School) is appraised in this new book. This important period of the history of economics is vital to understand how the discipline developed over the next half-century. Gilles Campagnolo has produced an impressive original work which makes use of rarely seen research by Carl Menger and as such this book will be of interest across several discplines, including history of economic thought, economic methodology, philosophy of science and the history of ideas.