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. |
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 | |
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Alfred Schütz analysis assumption Austrian Economics Austrian school axiom bank business cycle capital Carl Menger cash century commodity concept consumers costs critique currency deduced definition demand deposits demonstrated preference dollar economic calculation economic theory economists empirical entrepreneur equilibrium Essays ethical example exchange rates existence F.A. Hayek fact fallacy Federal Reserve free market Furthermore goals gold standard Hayekian Human Action ibid increase individual inflation Kauder Kirzner knowledge labor Lachmannian Lange laws logical Ludwig von Mises marginal utility mathematical means Menger ment method methodology Mises's Misesian monetary money supply Murray N nature nomic Oskar Lange ounce paradigm philosophy planning Political Economy positivist praxeology principle problem production Professor property titles purchasing power quantity rational Roover Rothbard Salerno Scholastic Schumpeter scientific simply social sciences social utility socialist society supply of money Theory of Money tion unit University Press utilitarian value judgments welfare economics