The Capitalist Alternative: Introduction to Neo-Austrian Economics - ISBN:0710802315

The Capitalist Alternative: Introduction to Neo-Austrian Economics

Date: 21 November 2010, 06:52

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The Capitalist Alternative: Introduction to Neo-Austrian Economics
Wheatsheaf Bks. (1984-04) | ISBN: 0710802315 | 256 pages | PDF | 3 MB

The "Austrian" school of economics long ago left Austria and migrated to the American Sunbelt, where it is taught nowadays in places like Santa Monica, Las Vegas, and Auburn. Austrians are extreme libertarians who have many suggestive things to say about market processes, entrepreneurship, monetary theory, and the business cycle. Unfortunately, they rarely test their speculations by doing empirical research, because they view economics as an "axiomatic" discipline based on the metaphysics of human action. Some Austrians act as if Ludwig von Mises and Murray Rothbard had the last word on economics in the 1960s.

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