Quarterly Journal of Austrian Economics
Principles of Economics: An Austrian Critique
Volume 5, No. 2 (Summer 2002)
Here we discuss briefly Mankiw’s ten principles of economics and offer a critique of these principles à la the Austrian School of economics. A textbook in economics completely based on principles of modern Austrian economics is yet to be written. When such a textbook is written, perhaps this discussion will help the author design the text. We would strongly recommend to the author that the first chapter of the yet-to-be-written textbook be devoted to the ten or so basic principles of economics, with the rest of the book simply enhancing the explanation and application of these principles.
Cite This Article
Quddus, Munir and Joseph Horton. "Principles of Economics: An Austrian Critique." The Quarterly Journal of Austrian Economics 5, No. 2 (Summer 2002): 67–77.