This book demonstrates that members of the Austrian School of Economics anticipated a number of themes that have only recently acquired prominence. Thus, the work of Mises and Hayek paved the way for modern neo-institutional and evolutionary economics. However, there is still something new to learn for modern economists, since the Austrians blended institutional and dynamic analysis in a unique way. The book contains brief introductory and concluding essays and eight self-contained essays. The author covers themes like the Hayek- Keynes debate, the Austrians as precursors of evolutionary and neo-institutional economics, and modern Austrian economics. The text does not presume a detailed knowledge of Austrian economics. The author is Professor at Copenhagen Business School.
This book demonstrates that members of the Austrian School of Economics anticipated a number of themes that have only recently acquired prominence. Thus, the work of Mises and Hayek paved the way for modern neo-institutional and evolutionary economics. However, there is still something new to learn for modern economists, since the Austrians blended institutional and dynamic analysis in a unique way. The book contains brief introductory and concluding essays and eight self-contained essays. The author covers themes like the Hayek- Keynes debate, the Austrians as precursors of evolutionary and neo-institutional economics, and modern Austrian economics. The text does not presume a detailed knowledge of Austrian economics. The author is Professor at Copenhagen Business School.