Austrian Economics: An Introduction"What if economics began with people? Carl Menger. Ludwig von Mises. F.A. Hayek. Murray Rothbard. Israel Kirzner. They're some of the most important and acclaimed economists of the modern era, and they all belong to an intellectual tradition known as the Austrian School of Economics. While many economists model people's behavior using idealized assumptions, Austrian economists begin by taking people as they are and build economic theories by examining the logical structure of the choices they make. This book introduces the key thinkers of the Austrian School and explains their insights on a wide range of economic topics. It also explains the relationship between the Austrian School and mainstream economics and delves into the criticisms Austrian School economists have mounted against communist and socialist economic thought"-- |
