Assessing Austrian Economics
Daniel J. D'Amico ¡ Adam G. Martin
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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 Boettkeâs lead essay, âWhat is Wrong with Austrian Economics?â, 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, âWhat is Right About Austrian Economics?â
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.
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 Boettkeâs lead essay, âWhat is Wrong with Austrian Economics?â, 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, âWhat is Right About Austrian Economics?â
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.
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Daniel J. DâAmico 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.
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