Hardback
The Logic of Action One
Method, Money and the Austrian School
9781858980157 Edward Elgar Publishing
In this, the first of two volumes, Murray Rothbard – one of the major figures in twentieth-century Austrian economics – argues with clarity and force that economics is a deductive science based on the fundamental realities of action, scarcity and the passage of time.
More Information
Critical Acclaim
Contents
More Information
In this, the first of two volumes, Murray Rothbard – one of the major figures in twentieth-century Austrian economics – argues with clarity and force that economics is a deductive science based on the fundamental realities of action, scarcity and the passage of time.
Such conviction is demonstrated in the first part of this book, where Professor Rothbard analyses method. The second part focuses on some of the theoretical debates within the Austrian school, including property and justice rights, welfare economics, value and efficiency. In the third section Rothbard 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.
This latest volume of Murray Rothbard’s work goes some way to represent the important contributions he made to the field. The second volume of Murray Rothbard’s essays on Austrian economics is also available.
Such conviction is demonstrated in the first part of this book, where Professor Rothbard analyses method. The second part focuses on some of the theoretical debates within the Austrian school, including property and justice rights, welfare economics, value and efficiency. In the third section Rothbard 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.
This latest volume of Murray Rothbard’s work goes some way to represent the important contributions he made to the field. The second volume of Murray Rothbard’s essays on Austrian economics is also available.
Critical Acclaim
‘Rothbard writes in an engaging, provocative style, defending the praxeology of Ludwig von Mises. His writing is full of ideas with which economists should, in my view, disagree. However, no economist’s education is complete without being able to answer the challenges he poses.’
– Roger E. Backhouse, University of Birmingham, UK
– Roger E. Backhouse, University of Birmingham, UK
Contents
Contents: Introduction Method The Austrian School of Economics Money and Calculation Index
