- Publisher: Luwig von Mises Institute (2008)
- ASIN: B001BSHNDC
- Product Dimensions: 8.6 x 5.5 x 0.3 inches
- Shipping Weight: 8 ounces
- Average Customer Review: 3.5 out of 5 stars See all reviews (8 customer reviews)
- Amazon Best Sellers Rank: #1,875,124 in Books (See Top 100 in Books)
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An Introduction to Austrian Economics Paperback – 2008
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Top Customer Reviews
Now, as for understanding this book, the author Thomas C. Taylor is a professor of the School of Business and Accountancy at Wake Forest University, Winston-Salem, NC & writes mainly "scholarly texts" and articles. He is the leading authority on accounting theory in Austrian economics and as such a member of the editorial board of the Quarterly Journal of Austrian Economics.
This is the Table of Contents:
Introduction, pp. 7-11
Social Cooperation and Resource Allocation, pp. 12-21
Economic Calculation, pp. 22-39
The Subjective Theory of Value, pp. 40-51
The Market and Market Prices, pp. 52-62
Production in an Evenly Rotating Economy, pp. 63-73
From an Evenly Rotating Economy to the Real World, pp. 74-89
Inflation and the Business Trade Cycle, pp.Read more ›
I thought this book would be a good source to argue against Marxists and socialists who see every form of capitalism as exploitation. It's not that book either. However there is the chapter 'The Subjective Theory of Value' which is the foundation of the Austrian Economics could be used for that purpose. I found the chapter about inflation not fitted. Anyway I'll keep looking for literature that could help me to accomplish my mission.
The book is in no way easily understandable, and contains mostly introductions to the philosophical and methodological side (Praxeology) of the Austrian school. Not so much on the real economics side of the school.
However the book introduces a good introduction to some of the great Austrians and their thoughts.
If the reader is looking for a better introduction to Austrian Economics I would recommend:
"Lessons for the young economist" or "How an economy grows and why it crashes"
Most Recent Customer Reviews
Delivers what it promises. The basic assertions and arguments of Austrians presented in a clear and concise form. Read morePublished 11 months ago by Aurelian Dochia
I am still getting through this book but so far it has been really good. I have been reading this in conjunction with my reading of the Theory of Money and Credit by Mises and this... Read morePublished on January 21, 2012 by RockYoBastiat
This small book (~ 100 pages) by Dr. Thomas C. Taylor is marketed per the title as an introductory text on Austrian, or free market, economics. Read morePublished on June 5, 2011 by Amazon Customer