Quarterly Journal of Austrian Economics

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Principles of Economics: An Austrian Critique

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07/30/2014Munir Quddus
 

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. 

 
Author:

Munir Quddus

Munir Quddus is professor of economics and dean of the college of business at Prairie View A&M University.

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.

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