Description:
This handbook offers a focused guide to the Misesian branch of Austrian economics. Bringing together expert contributions, it sets out the Misesian tradition as a coherent research program with its own foundations, and gathers the questions currently shaping its development. The chapters concentrate on the areas where this branch has produced its most distinctive work: price theory and economic calculation, the structure of production, business cycles, inflation, interest rate theory, and capital structure. This emphasis stands apart from the Hayekian branch, which has developed along its own path, taking up the evolution of rules and institutions, the knowledge problem, and political philosophy.
By treating the Misesian tradition on its own terms, the volume traces its rich intellectual history, continued relevance, and the new directions the school is taking. It will be of value to students and researchers working in political economy and Austrian economics.