Description

This book provides an overview of the concepts and theories that underpin the Austrian school of economics. It follows the development of Austrian economics, from the neo-classical revolution at the end of the 19th century to the modern era of economics that it has shaped. By highlighting the theoretical framework that characterises Austrian economics, insight is provided into a broad range of economic issues, including the notion of value, the impact of state intervention, the formation of market prices, the nature of competition, the laws of production, monetary policy, and business cycles.

This book offers an accessible introduction to Austrian economics and the core ideas that define it. It will be relevant to students and researchers interested in Austrian economics and political economy.