The Austrian School of Economics A History of Its Ideas, Ambassadors, and Institutions

Cover......Page 1
Title Page......Page 4
Copyright Page......Page 5
Table of Contents......Page 8
Preface to the English Edition......Page 10
Preface......Page 12
The Austrian School in Brief......Page 16
Vienna in the Mid-Nineteenth Century......Page 18
Economics as an Academic Discipline......Page 24
The Discovery of the Self: The Theory of Subjective Value......Page 30
The Emergence of the Austrian School in the Methodenstreit......Page 38
Carl Menger: Founder of the Austrian School......Page 46
Time is Money: The Austrian Theory of Capital and Interest......Page 50
Friedrich von Wieser: From Economist to Social Scientist......Page 56
Eugen von Böhm-Bawerk: Economist, Minister, Aristocrat......Page 62
Emil Sax: The Recluse from Voloska......Page 66
Further Students of Menger and Other Supporters......Page 70
Money Makes the World Go Round: The Monetary Theory of the Business Cycle......Page 82
Joseph A. Schumpeter: Maverick and Enigma......Page 92
Schumpeter's Theory of Economic Development......Page 98
The Austrian School's Critique of Marxism......Page 106
1918 and the Consequences of War: The Imminent Collapse......Page 116
Between the Wars: From Re-formation to Exodus......Page 122
Ludwig von Mises: The Logician of Freedom......Page 132
Friedrich August von Hayek: Grand Seigneur on the Fence......Page 138
Other Members of the Younger Austrian School......Page 144
Praxeology: A New Start from Ludwig von Mises......Page 154
Friedrich August von Hayek's Model of Society and His Theory of Cultural Evolution......Page 162
The Entrepreneur......Page 170
The Rejected Legacy: Austria and the Austrian School After 1945......Page 176
The Renaissance of the old ‘Viennese’ School: The New Austrian School of Economics......Page 184
Abbreviations......Page 194
References......Page 196
Index......Page 244
About the Authors......Page 262