I’m happy to announce that the 2018 collection The Economic Theory of Costs: Foundations and New Directions, is now available in paperback at a substantially reduced price (see the post announcing its original publication here). This collection includes contributions from both leading and up-and-coming scholars working in the Austrian tradition. The contributors include many of the senior faculty members of the Mises Institute, as well as many of the younger fellows. It focuses especially on price theory, the unique feature of Austrian economics.
At the moment, the cheapest copies are available here and here.
The table of contents is as follows:
Introduction: “The Economic Theory of Costs in Perspective” Matthew McCaffrey
Cost and Choice
Chapter 1: “Contemporary Debates on Opportunity Cost Theory and Pedagogy” Jonathan Newman
Chapter 2: “The ‘Income Effect’ in Causal-Realist Price Theory” Joseph T. Salerno
The Evolution of Causal-Realist Production Theory
Chapter 3: “From Marshallian Partial Equilibrium to Austrian General Equilibrium: The Evolution of Rothbard’s Production Theory” Patrick Newman
Chapter 4: “Man, Economy and State, Original Chapter 5: Producer’s Activity” Murray N. Rothbard
Risk, Uncertainty, and Cost
Chapter 5: “The Myth of the Risk Premium” Jörg Guido Hülsmann
Chapter 6: “Time and the Theory of Cost” Jeffrey M. Herbener
Causal-Realist Price Theory: Debate and Synthesis
Chapter 7: “Monopsony Theory Revisited” Xavier Méra
Chapter 8: “Costs and Pricing: An Austro-Post-Keynesian Synthesis?” Mateusz Machaj
Economic Organization, Entrepreneurship, and the Firm
Chapter 9: “Austrian Economics and Transaction Cost Economics: Notes on a Doubtful Compatibility” Mihai-Vladimir Topan
Chapter 10: “The Management Problem of Socialism: Cost at the Expense of Value” Per L. Bylund
Chapter 11: “Economic Calculation and the Limits of Social Entrepreneurship” Matthew McCaffrey
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