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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.
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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.
Auburn, AL: Ludwig von Mises Institute, 1990.
Auburn, AL: Ludwig von Mises Institute, 1990.