Austrian Economics: Tensions and New Directions
When we first invited the group of distinguished scholars represented here to contribute to a new volume on Austrian economics, four themes were stressed: tensions, new directions, selectivity, and criticism. In this brief introduction we will explain why
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Recent Economic Thought Series Editor: Warren J. Samuels Michigan State University East Lansing, Michigan, U.S.A. Other books in the series: Feiwel, G.: Samuelson and Neoclassical Economics Wade, L.: Political Economy: Modern Views Zimbalist, A.: Comparative Economic Systems: Recent Views Darity, W.: Labor Economics: Modern Views Jarsulic, M.: Money and Macro Policy Samuelson, L.: Microeconomic Theory Bromley, D.: Natural Resource Economics: Policy Problems and Contemporary
Analysis
Mirowski, P.: The Reconstruction of Economic Theory Field, A.: The Future of Economic History Lowry, S.: Pre-Classical Economic Thought Officer, L.: International Economics Asimakopulos, A.: Theories of Income Distribution Earl, P.: Psychological Economics; Development, Tensions, Prospects Thweatt, W.: Classical Political Economy Peterson, W.: Market Power and the Economy DeGregori, T.: Development Economics Nowotny, K.: Public Utility Regulation Horowitz, I.: Decision Theory Mercuro, N.: Law and Economics Hennings, K. and Samuels, W.: Neoclassical Economic Theory, 1870 to 1930 Samuels, W.: Economics as Discourse Lutz, M.: Social Economics Weimer, D.: Policy Analysis and Economics Bromley, D. and Segerson, K.: The Social Response to Environmental Risk Roberts, B. and Feiner, S.: Radical Economics Mercuro, N.: Taking Property and Just Compensation de Marchi, N.: Post-Popperian Methodology of Economics Gapinski, J.: The Economics of Saving
Austrian Economics: Tensions and New Directions
Edited by Bruce J. Caldwell Stephan Boehm
Springer Science+Business Media, LLC
library 01 Congress Cataloging-in-Publication Data Austrian econom ies: tensions and new directions/edited by Bruce J. Caldwell and Slephan Boehm. p. cm. - (Recenl econcmic thought series) Includes bibliographical references and index. ISBN 978-94-010-4968-9 ISBN 978-94-011-2186-6 (eBook) DOI 10.1007/978-94-011-2186-6 1. Austrian school of economists. 1. Caldwell, Bruce J.
II. Boehm, Slephan. III. Series.
HB98.A975 1992 33O.15'7-dc20
92-22611 CIP
Copyright © 1992 by Springer Science+Business Media New York Origin,lIy published by Kluwer Academic Publishers in 1992 Softcover reprint of the hardcover 1st edition .1992 AII rights reserved. No part of this publication may be reproduced,
stored in a retrieval system ar transmitted in any tarm Of by any means, mechanical, pholo-copying, record ing, or otherwise, withoul the prior written permission of Ihe publisher, Springer Science+Business Media, LLC, Printed on acid-tree paper.
In memoriam LML
Contents
Contributing Authors
ix
Preface
xi
1
Austrian Economics Between the Wars: Some Historiographical Problems Stephan Boehm Commentary by Mark Blaug
2 The Market as an Isolated Causal Process: A Metaphysical Ground for Realism Uskali Maki
35
Commentary by Bruce J. Caldwell
3 Kirzner's Theory of Entrepreneurship-A Critique Martin Ricketts
67
Commentary by Israel M. Kirzner Entrepreneurship, Uncertainty and Austrian Economics
4 Subjectivism, Explanation and the Austrian Tradition Jeremy Shearmur
103
Comment
