An Introduction to Austrian Economics

01/01/1980 Thomas C. Taylor

For the serious student, this exposition of the essentials of Austrian economics is excellent. Taylor discusses all the fundamental aspects of Austrian thought, from subjectivism and marginal utility to inflation and the business cycle.

For the newcomer, this work represents a concise introduction both to the historical setting of the Austrian School and to the ideas espoused by its members.

Introduction to Austrian Economics by Thomas Taylor

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Meet the Author

Thomas C. Taylor

Thomas Taylor is professor emeritus of accountancy at Wake Forest University, and also served as the dean of the School of Business and Accountancy at Wake Forest from 1980 to 1992. He is author of An Introduction to Austrian Economics.

The Market and Market Prices

07/08/2023 Articles of Interest Thomas C. Taylor

Chapter 5 of An Introduction to Austrian Economics The Nature of the Market The tendency to ascribe to the market economy the characteristic of being something other than the events caused by the...

The Subjective Theory of Value

07/08/2023 Articles of Interest Thomas C. Taylor

Chapter 4 of An Introduction to Austrian Economics Satisfaction and Valuation The explanation of all economic activity that takes place in the market economy ultimately rests on the subjective theory...

Current Developments in Cost Accounting and the Dynamics of Economic Calculation

07/30/2014 Quarterly Journal of Austrian Economics Thomas C. Taylor

Volume 3, No. 2 (Summer 2000) The problem of cost is the cornerstone of economic calculation. Entrepreneurs act upon the cost implications of their decisions and depend on cost data that represent the...

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References

Auburn, AL: Ludwig von Mises Institute, 1990.

What is the Mises Institute?

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.

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