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In the past, Austrian economics has been seen as almost exclusively focused on microeconomics. Here,Steven Horwitz constructs a systematic presentation of what Austrian macroeconomics would look like. This original and highly accessible work will be of great value and interest to professional economists and students.
What if economics began with people? Choice is an essential feature of the human condition. Every time we embark on a given plan of action, big or small, we make a choice. Whereas many economists model people’s behavior using idealized assumptions, economists of the Austrian School don’t. The Austrian School of Economics takes people as they are and constructs economic theories by examining the logical structure of the choices they make. Austrian Economics: An Introduction book explains the Austrian School’s insights on a wide range of economic topics and introduces some of its key thinkers. It also explains the relationship between the Austrian School and mainstream economics and delves into the criticisms that Austrian School economists have mounted against communist and socialist economic thought.
"Local editors Schaper and Horwitz have assembled a noteworthy collection of noir-infused stories mixed with laughter...The Akashic noir short-story anthologies are avidly sought and make ideal samplers for regional mystery collecting." --Library Journal "Crime fans who missed the first round will find this expanded version worthwhile." --Publishers Weekly "The best pieces in the collection turn the clich s of the genre on their head . . . and despite the unseemly subject matter, the stories are often surprisingly funny." --City Pages (Minneapolis) "If you've never read an Akashic Noir book, Twin Cities Noir is a fine place to start." --San Francisco Book Review/Sacramento Book Review "A fun...
Scholars within the Hayekian-Austrian tradition of classical liberalism have done virtually no work on the family as an economic and social institution. In addition, there is a real paucity of scholarship on the place of the family within classical liberal and libertarian political philosophy. Hayek's Modern Family offers a classical liberal theory of the family, taking Hayekian social theory as the main analytical framework. Horwitz argues that families are social institutions that perform certain irreplaceable functions in society. These functions change as economic, political, and social circumstances change, and the family form adapts accordingly, kicking off the next wave of developments in the social structure. In Hayekian terms, the family is an evolving and undesigned social institution. Horwitz offers a non-conservative defense of the family as a social institution against the view that either the state or "the village" is able or required to take over its irreplaceable functions.
This book deals with the origin and functions of money and banking, emphasizing the role both play in the promotion of economic order. Developing the insights of Hayek and others of the Austrian tradition, Professor Horwitz argues that an appreciation of the spontaneous evolutionary processes that produce and maintain our monetary institutions shou
"Argues that the fundamental reason for church-state conflict is our aversion to questions of religious truth. By trying to avoid the question of religious truth, law and religion has ultimately reached a state of incoherence. He asserts that the answer to this dilemma is to take the agnostic turn: to take an empathetic and imaginative approach to questions of religious truth, one that actually confronts rather than avoids these questions, but without reaching a final judgment about what that truth is"--Jacket.
In a remarkable book based on prodigious research, Morton J. Horwitz offers a sweeping overview of the emergence of a national (and modern) legal system from English and colonial antecedents. He treats the evolution of the common law as intellectual history and also demonstrates how the shifting views of private law became a dynamic element in the economic growth of the United States. Horwitz's subtle and sophisticated explanation of societal change begins with the common law, which was intended to provide justice for all. The great breakpoint came after 1790 when the law was slowly transformed to favor economic growth and development. The courts spurred economic competition instead of circu...
The author explores what has been perhaps the central controversy in modern economics from Adam Smith to today. He traces the theory of market failure from the 1840s through the 1950s and subsequent attacks on this view by the Chicago and Virginia schools.
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.