Austrian Economics Vol. III (Schools of Thought in Economics)

93 articles, dating from 1889 to 1989 Contents: Volume I: 1. The Early Austrian School 2. The Austrian School Founders, 3. The Modern Austrian School 4. Subjectivism 5. Methodology Volume II: 1. Capital and Interest Theory 2. Money and Banking: The Nature of Money 3. Money and Banking: Public Policy 4. The Business Cycle and Macroeconomics Volume III: 1. The Competitive Market Process: Equilibrium 2. The Competitive Market Process: Market Process 3. The Competitive Market Process: Competition 4. Central Planning 5. Public Policy Contributors include: R.A. Ebeling, F.A. Hayek, E. Kauder, E. Streissler, L. von Mises, W. Weber Cover ......Page 1 Contents......Page 6 Acknowledgements......Page 10 Preface......Page 14 Introduction......Page 16 Part I. - The Competitive Market Process: Equilibrium ......Page 22 1. Ludwig von Mises (1949), 'The Scope and Method of Catallactics', in his Human Action ......Page 24 Friedrich A. Hayek (1937), 'Economics and Knowledge', Economica ......Page 49 3. Stephen C. Littlechild (1982), 'Equilibrium and the Market Process', in Israel M. Kirzner (ed.), Method, Process and Austrian Economics ......Page 71 4. Tyler Cowen and Richard Fink (1985), 'Inconsistent Equilibrium Constructs: The Evenly Rotating Economy of Mises and Rothbard', American Economic Review ......Page 87 Part II. - The Competitive Market Process: Market Process ......Page 92 5. Israel M. Kirzner (1973), 'Entrepreneurship and the Equilibrating Process', in his Competition and Entrepreneurship ......Page 94 6. Ludwig M. Lachmann (1976), 'On the Central Concept of Austrian Economics: Market Process', in Edwin G. Dolan (ed.), The Foundations of Modem Austrian Economics ......Page 101 7. Lawrence H. White (1976), 'Entrepreneurship, Imagination and the Question of Equilibration', unpub. paper ......Page 108 8. Gerald P. O'Driscoll Jr (1977), 'Spontaneous Order and the Coordination of Economic Activities', in Louis M. Spadaro (ed.) (1978), New Directions in Austrian Economics ......Page 126 9. G. L. S. Shackle (1983), 'Professor Kirzner on Entrepreneurship', Austrian Economics Newsletter ......Page 141 10. Israel M. Kirzner (1982), 'Uncertainty, Discovery and Human Action: A Study of the Entrepreneurial Profile in the Misesian System', in Israel M. Kirzner (ed.), Method, Process and Austrian Economics ......Page 143 11. Ulrich Fehl (1986), 'Spontaneous Order and the Subjectivity of Expectations: A Contribution to the Lachmann-O'Driscoll Problem', in Israel M. Kirzner (ed.), Subjectivism, Intelligibility and Understanding ......Page 164 Part III. - The Competitive Market Process: Competition ......Page 180 12. Joseph A. Schumpeter (1950), 'The Process of Creative Destruction', and 'Monopolistic Practices', from his Capitalism, Socialism and Democracy ......Page 182 13. Friedrich A. Hayek (1946), 'The Meaning of Competition', Stafford Little Lecture Princeton University, May. (Repr. in his Individualism and Economic Order ......Page 190 14. Friedrich A. Hayek (1978), 'Competition as a Discovery Procedure', in his New Studies in Philosophy, Politics, Economics and the History of Ideas ......Page 206 15. Israel M. Kirzner (1984), 'Prices, the Communication of Knowledge, and the Discovery Process', in Kurt R. Leube and Albert H. Zlabinger (eds), The Political Economy of Freedom: Essays in Honour of F.A. Hayek ......Page 218 16. Israel M. Kirzner (1978), 'Government Regulation and the Market Discovery Process', in his Perils of Regulation: A Market Process Approach ......Page 232 17. Stephen C. Littlechild (1981), 'Misleading Calculations of the Social Costs of Monopoly Power', The Economic Journal ......Page 242 18. Jack High (1984-5), 'Bork's Paradox: Static vs. Dynamic Efficiency in Antitrust Analysis', Contemporary Policy Issues ......Page 258 Part IV. - Central Planning ......Page 270 19. Ludwig von Mises (1920), 'Economic Calculation in the Socialist Commonwealth', trans. from 1920 German article in Friedrich . Hayek (ed.) (1935), Collectivist Economic Planning ......Page 272 20. Friedrich A. Hayek (1940), 'Socialist Calculation: The Competitive "Solution"', in Hayek (ed.) (1935), Collectivist Economic Planning, and in Hayek, Individualism and Economic Order ......Page 316 21. Friedrich A. Hayek (1945), 'The Use of Knowledge in Society', American Economic Review, XXXV(4), September, pp.519-30. Repr. (1948), in his Individualism and Economic Order ......Page 341 22. Karen I. Vaughn (1980), 'Economic Calculation Under Socialism: The Austrian Contribution', Economic Inquiry ......Page 353 23. Don Lavoie (1981), 'A Critique of the Standard Account of the Socialist Calculation Debate', Journal of Libertarian Studies ......Page 373 Part V. - Public Policy ......Page 380 24. Murray N. Rothbard (1956), 'Toward a Reconstruction of Utility and Welfare Economics' in Mary Sennholz (ed.), On Freedom and Free Enterprise ......Page 382 25. Hans-Herman Hoppe (1985), 'The Justice of Economic Efficiency', Austrian Economics Newsletter ......Page 421 26. Mario J. Rizzo (1985), 'Law Amid Flux: The Economics of Negligence and Strict Liability in Tort', The Journal of Legal Studies ......Page 425 27. Mario J. Rizzo (1985), 'Rules versus Cost-Benefit Analysis in the Common Law', The Cato Journal ......Page 428 28. Ludwig von Mises (1949), 'The Limits of Property Rights and the Problems of External Costs and External Economies', in his Human Action ......Page 448 29. Jack Wiseman (1985), 'Economics, Subjectivism and Public Choice', Market Process ......Page 458 30. Friedrich A. Hayek (1973), Economic Freedom and Representative Government ......Page 460 Name Index ......Page 476 This major authoritative three volume work gathers together for the first time the seminal articles and papers – many of which are widely dispersed in rare publications – which provide the foundation and development of the Austrian School of Economics.