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Economist Hennings had not completed the revision for publication of his 1972-73 doctoral dissertation for Oxford University when he died suddenly in 1986, so the original work, nearly unchanged, is presented here. After reviewing the Austrian economist Bohm-Bawerk's (1851-1914) life, Hennings details his theory of value, capital, and interest within the context of 19th-century German economic thought and the development of neo-classical economic theory. The first English translation of his letters to Knut Wicksell are also included. Annotation copyrighted by Book News, Inc., Portland, OR
A group history of the Austrian School of Economics, from the coffeehouses of imperial Vienna to the modern-day Tea Party The Austrian School of Economics--a movement that has had a vast impact on economics, politics, and society, especially among the American right--is poorly understood by supporters and detractors alike. Defining themselves in opposition to the mainstream, economists such as Ludwig von Mises, Friedrich Hayek, and Joseph Schumpeter built the School's international reputation with their work on business cycles and monetary theory. Their focus on individualism--and deep antipathy toward socialism--ultimately won them a devoted audience among the upper echelons of business and government. In this collective biography, Janek Wasserman brings these figures to life, showing that in order to make sense of the Austrians and their continued influence, one must understand the backdrop against which their philosophy was formed--notably, the collapse of the Austro-Hungarian Empire and a half-century of war and exile.
Collection of essays on economic theory. Most of the essays originally appeared in the late 1920s in German journals devoted to the social sciences, with the original German language collection being issued in 1933.
Systematic criticism (written in 1914 from the point of view of Marxism), of bourgeois capitalist economic theories of value, of marginal utility and of profit - includes a bibliography pp. 211 to 215.
The financial crisis has exposed severe shortcomings in mainstream monetary economics and modern finance. It is surprising that these shortcomings have not led to a wider debate about the need to overhaul these theories. Instead, mainstream economists have closed ranks to defend existing theories and public authorities have expanded their interference in markets. This book investigates the problems associated with mainstream monetary economics and finance, and proposes alternatives based on the Austrian school of economics. This school emanated from the work of the nineteenth-century Austrian economist Carl Menger and was developed further by Eugen von Böhm-Bawerk, Ludwig von Mises, and Fri...