New Directions in Austrian Economics

11/22/1978 Louis M. Spadaro

This collection first appeared in the midst of the American Austrian revival, and its insights are constantly culled by modern students. In it, Austrian economists examine technical aspects of money, interest, capital and business cycles, and property rights, plus theoretical areas like econometrics, uncertainty, social cost, and more.

This volume includes:

An Austrian Stocktaking: Unsettled Questions and Tentative Answers (Ludwig M. Lachmann)
The Austrian Method (John B. Egger)
Praxeology and Econometrics: A Critique of Positivist Economics (Mario J. Rizzo)
Economics and Error (Israel M. Kirzner)
The Problem of Social Cost (S.C. Littlechild)
A Critique of Neoclassical and Austrian Monopoly Theory (D.T. Armentano)
Spontaneous Order and the Coordination of Economic Activities (Gerald P. O’Driscoll, Jr.)
Austrian Definitions of the Supply of Money (Murray N. Rothbard)

New Directions in Austrian Economics by Louis Spadaro

No content found

Meet the Author

Louis M. Spadaro

Louis M. Spadaro (October 11, 1913 – May 3, 2008) was a friend and colleague of Ludwig von Mises, under whom he earned his PhD in economics. President of the Institute for Humane Studies and the founding dean of the Fordham University Graduate School of Business Administration, he taught economics at Fordham University since 1938. He was the author of the textbook Economics: An Introductory View (1969) and the editor of New Directions in Austrian Economics.

Liberalism: Reclaiming the Term

12/03/2012 Mises Daily Louis M. Spadaro

The word liberal has clear and pertinent etymological roots grounded in the ideal of individual liberty.

Averages and Aggregates

12/16/2011 Mises Daily Louis M. Spadaro

Any serious doubt concerning the validity of aggregates and averages is a dagger aimed straight at the heart of current empirical research and statistical analysis.

The Present State of Profit Theory: Asset or Liability?

05/31/2008 Mises Daily Louis M. Spadaro

If the part played by profits in the economy is found to be misrepresented for purposes of analytical tidiness, the need for correction is all the more urgent in an age of increasing recourse to government action. Inasmuch as realism in our economics points to the same need, it would be unwise to cling to any theory — no matter what its other attributes — which sacrifices this need for reasons of arbitrary neatness; more, it would be scientifically indefensible.

View Louis M. Spadaro bio and works

References

Sheed Andrews and McMeel, Inc., Kansas City, 1978

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.

Become a Member