Assessing Austrian Economics

Daniel J. D'Amico|Adam G. Martin

Emerald

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9781789739367

28 October 2019

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9781789739350

28 October 2019

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9781789739374

28 October 2019

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Contents
About

The modern school of Austrian economics took shape in the 1970s, and reflects the social science questions of its time. Is it still relevant today, considering that the theories that drive contemporary social science have evolved dramatically over the past few decades? While Austrian concerns such as property rights and imperfect cognition have become more common, other aspects of the Austrian thought are even more idiosyncratic than ever.

In the ten chapters included here, leading economists explore whether Austrian economics still has unique insights to offer the world of today. Starting with Peter Boettke’s lead essay, “What is Wrong with Austrian Economics?”, chapters include an array of perspectives responding to this question, ranging from economics, to intellectual history, to political science, and to philosophy. At the end of the volume, Boettke offers a rejoinder, asking, “What is Right About Austrian Economics?”

Together, these essays explore the barriers to the spread of Austrian ideas, ask which disciplines might be receptive to them, examine the role of ideology and funding in helping and hindering the school, and consider the advantages and disadvantages of different strategies for expanding engagement with other scholars.

Editors' Introduction; Daniel D'Amico and Adam Martin 1. What is Still Wrong with the Austrian School of Economics?; Peter J. Boettke 2. What's Still Right with the Austrian School of Economics; Deirdre Nansen McCloskey 3. Diversity in the Moral Sciences; Gerald Gaus 4. Austrian School Identity and Unavoidable Trade-odds in its Long-term Progress; Josef Šíma 5. A View from Europe: Austrian Economics, Civil Society, and PPE; Erwin Dekker and Stefan Kolev 6. On the Status of Austrian Economics; Virgil Henry Storr 7. Why Are There No Austrian Social Democrats?; John Meadowcroft 8. Austrian Economics is Still Not Institutional Enough; Geoffrey Hodgson 9. Austrian Economics: A Tale of Lost Opportunities; Nicolai Foss 10. What is Right About Austrian Economics?; Peter J. Boettke

Daniel J. D’Amico is the Associate Director of the Political Theory Project at Brown University, where he is also a Lecturer in Economics. His current research is focused upon the political economy of crime and punishment throughout history and around the world.

Adam G. Martin is an Associate Professor in Agricultural and Applied Economics and Political Economy Research Fellow at the Free Market Institute at Texas Tech University. His research interests focus on the intersection of philosophy, politics and economics. He is Vice President of the Society for the Development of Austrian Economics.