The Logic of Action: Method, money, and the Austrian SchoolThe author argues that economics is a deductive science based on the fundamental realities of action, scarcity, and the passage of time. He analyzes method, focuses on some of the theoretical debates within the Austrian school, including property and justice rights, welfare economics, value and efficiency, and considers the Austrian approach to money and calculation, including discussion of the definition of the supply of money, freely floating exchange rates, and calculation and its role under socialism. |
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Contents
The Mantle of Science | 3 |
What is the Proper Way to Study Man? | 24 |
Praxeology as the Method of the Social Sciences | 28 |
Copyright | |
21 other sections not shown
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Common terms and phrases
adopt analysis applied assume attempt Austrian axiom bank becomes calculation called capital central century choice commodity concept consequences considered consumers costs course criticism currency definition demand demonstrated deposits determined developed dollar economic economic theory economists ends equilibrium Essays establish ethical example exchange existence fact follows free market future given goals gold Hayek human action important increase individual inflation judgments knowledge labor land Lange laws logical Ludwig von Mises marginal mathematical means measure method Mises's monetary nature never objective original person physical planning political position possible praxeology preference Press principle problem production Professor purchasing question rates reason Reserve result Rothbard scientific sense simply social socialist society standard subjective supply theory thing tion titles true unit University utility Volume welfare York
Bibliographic information
| Title | The Logic of Action: Method, money, and the Austrian School Economists of the twentieth century Volume 1 of The Logic of Action, Murray Newton Rothbard |
| Author | Murray Newton Rothbard |
| Contributor | Ludwig Von Mises Institute |
| Edition | illustrated |
| Publisher | Edward Elgar, 1997 |
| ISBN | 1858980151, 9781858980157 |
| Length | 452 pages |
| Subjects | › › Business & Economics / Economics / General |
| Export Citation | BiBTeX EndNote RefMan |