Includes bibliographical references (p.179-190) and index.
|Statement||Karen I. Vaughn.|
|Series||Historical perspectives on modern economics|
|LC Classifications||HB98 .V38 1994|
|The Physical Object|
|Pagination||xiv, 198 p. ;|
|Number of Pages||198|
|LC Control Number||93013949|
"In this book, Karen Vaughn deftly chronicles the American wing of post Austrian economics. Her selection of issues is intentionally designed to highlight the towering influence of Ludwig Lachmann, whose 'radical subjectivism' demanded that the revolution Ludwig van Mises had started be : $ The Austrian School is a heterodox school of economic thought that is based on methodological individualism—the concept that social phenomena result exclusively from the motivations and actions of individuals.. The Austrian School originated in lateth and earlyth century Vienna with the work of Carl Menger, Eugen Böhm von Bawerk, Friedrich von Wieser and others. For the serious student, this exposition of the essentials of Austrian economics is excellent. Taylor discusses all the fundamental aspects of Austrian thought, from subjectivism and marginal utility to inflation and the business cycle. Working in England and America, Hayek later became a prime opponent of Keynesian economics with books on exchange rates, capital theory, and monetary reform. His popular book Road to Serfdom helped revive the classical liberal movement in America after the New Deal and World War II.
Carl Menger, an Austrian economist who wrote Principles of Economics in , is considered by many to be the founder of the Austrian title of Menger's book suggests nothing. Get this from a library! Austrian economics in America: the migration of a tradition. [Karen Iversen Vaughn] -- "This book examines the development of the ideas of the new Austrian school from its beginnings in Vienna in the s to the present. The modern Austrian school is . The Austrian School of Economics is a heterodox body of economic thought generally associated with libertarianism and conservatism. When Michele Bachmann ran for president in , she claimed to read Human Action on the that’s true, and I believe it is, then she’s a lot smarter than I thought (it isn’t an easy book). A Non-Austrian Vindication of Hayek’s Monetary Policy A Non-Austrian Vindication of Hayek’s Monetary Policy Kai Weiss T+ May 18th, |.