Austrian Economics by Christopher J. Coyne, Abigail R. Hall - 9781509547050

Austrian EconomicsAn Introduction\nAuthor(s): Christopher J. Coyne, Abigail R. Hall\nFormat: Hardback\nPublisher: John Wiley and Sons Ltd, United Kingdom\nImprint: Polity Press\nISBN-13: 9781509547050, 978-1509547050\nSynopsis\nHow can people peacefully cooperate with others to improve their lives? This important book answers this question by introducing readers to the Austrian school of economics.\n\nAustrian economics is a heterodox tradition with a distinct philosophy of science stressing purposive individual action, subjective value, the unique nature of economic knowledge, and the importance of prices and markets for coordination. Beginning in Austria in the 1870s with the work of Carl Menger, the ideas of those working in this tradition shaped the field of economics as we know it today. Coyne and Hall tell the story of the key thinkers and ideas in the Austrian school. In doing so, they demonstrate the tradition's ongoing relevance to a wide range of contemporary issues, includ.