Format:
1 online resource (300 pages)
Edition:
2nd ed.
ISBN:
9780415121200
,
9780203006740
Series Statement:
Routledge Foundations of the Market Economy Series
Content:
One of the key works in the development of modern Austrian economics. It is reprinted in full with a substantial new introduction which outlines the major developments in the area since the book's original publication a decade ago
Note:
Cover -- Title -- Copyright -- Dedication -- Contents -- Acknowledgements -- Introduction: Time and Ignorance After Ten Years -- 1 An Overview of Subjectivist Economics -- Time and Ignorance -- The Importance of Time and Ignorance -- Keynesianism and the Austrian Contributions -- Overview of the Rest of the Book -- PART I FRAMEWORK -- 2 Static versus Dynamic Subjectivism -- The Questions -- The Method of Subjectivism -- Dimensions of Subjectivism -- Relationship between Static and Dynamic Subjectivism -- Concluding Remarks -- 3 Knowledge and Decisions -- Subjectivism as Content: Knowledge -- Subjectivism as Weighing of Alternatives -- Conclusion -- 4 The Dynamic Conception of Time -- Newtonian Time -- Real Time -- Real Time, Planning, and Action -- Economic Processes and Uncertainty -- Newtonian and Real Time: The Interrelation -- Conclusion -- 5 Uncertainty in Equilibrium -- Genuine Uncertainty -- Genuine Uncertainty: Typicality and Uniqueness -- Equilibrium -- Equilibrium and Optimality -- PART II APPLICATIONS -- 6 Competition and Discovery -- Introduction -- The Discovery of Opportunities -- Knowledge and Competition -- Process Theories and Normative Economies -- Dynamic Equilibrium -- Rules versus Continuous Utility Maximization -- The Theory of the Firm -- Appendix: Stochastic Equilibrium -- 7 The Political Economy of Competition and Monopoly -- Competition: Static and Dynamic -- Uncertainty and Markets -- Optimal Policy -- Property Rights Theory of Monopoly -- 8 A Subjectivist Theory of a Capital-using Economy -- Introduction -- The Development of Subjectivist Capital Theory: An Overview -- The Mengerian Vision -- The Structure of Production -- The Rate of Interest in a Capital-using Economy -- Variations in the Final Output of the Production Process -- Time Preferences and the Structure of Production -- Subjectivism Revisited
,
9 The Microanalytics of Money -- Introduction -- Microanalysis of Money -- The Origin of Money -- Business Cycles -- A Subjectivist Theory of Economic Fluctuations -- Rational Expectations -- Conclusion -- 10 Some Unresolved Problems -- Bibliography -- Index
Additional Edition:
Print version O'Driscoll Jnr, Gerald P. The Economics of Time and Ignorance Oxford : Taylor & Francis Group,c1996 ISBN 9780415121200
Language:
English
Keywords:
Electronic books
URL:
FULL
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