Books in the Routledge Foundations of the Market Economy series

Intended for undergraduates and academics in the field of economics, this book analyzes different theoretical approaches to the role of prices in situations of imperfect information.

Frank Machovec argues that the assumption of perfect information has done untold economic damage. It has has led to state intervention and obscured the extent to which entrepreneurial activity depends on asymetric information.

Dynamics of the Mixed Economy applies the insights of modern Austrian political economy to examine economic policy in mixed economies.

Drawing on the work of the Austrian School and its heirs, Capital in Disequilibrium develops a modern, systematic version of capital theory in order to suggest a new approach to the subject of economics.

This book argues that state intervention into financial and monetary systems has failed and that we would be better off if financial markets were left to regulate themselves. The book will appeal to monetary and finance students and professionals

Offers a fresh logic for economic analysis seeking to transcend the distinction between neoclassical and Austrian economics that has come increasingly into play over the years.

In this book the author argues the case for the revival of an important role for monetary causes in business cycle theory, which challenges the current trend towards favouring purely real theories.

Israel Kirzner is the foremost proponent of the modern Austrian theory of the market process. This book offers substantive insights in support of this theory and a new historical interpretation of how the ideas of modern Austrians emerged.

This work examines the contribution of the Austrian school to our understanding of markets as economic processes.

Enquires the relationship that exists between firms and markets, with examinations of both the existence and inner organisation of the firm. This work encompasses a wealth of existing literature and leads it in a new direction. It is intended for economic scholars particularly within the fields of Austrian economies and the theory of the firm.

This book argues that international aid programmes are unsuccessful for indigenous African institutions because it is based on mainstream economic theory which is fundamentally acultural which does not understand their cultural context.

Maclachlan aims to rehabilitate the largely discredited liquidity preference theory of interest, providing a restatement of the theory. She draws on the methodology of the Austrian School as well as real world institutions.

Argues that whilst the tradition of Hayek and Mises encourages a humanistic liberalism, the Chicago School proposes a technical humanism. This volume is a useful read for those in the fields of economic theory and political economy.

This volume documents the revival of free banking in recent years, combining chapters on the theory of laissez-faire banking, the historical experience of it and the solutions it might offer to current banking crises.

Offers an insight into the character of Austrian economics. This work examines: the market economy; theories of Competition and Entrepreneurship; and the Mises-Hayek legacy. It also collects the work of the leading authorities in this area, and is intended for those interested in the implications of Austrian approach on economics.

A collection of essays, which examine the dynamic processes of social cooperation which characterize the market, with particular emphasis on the role of both entrepreneurship and institutions.

Written by one of the major Austrian economists, this collection of essays brings together author's writings on a variety of economic issues.

Presents an argument that the troubles which characterise modern capital-intensive economies, particularly the episodes of boom and bust, may be analysed with the aid of a capital-based macroeconomics. This work focuses on the intertemporal structure of capital, an area that has been neglected in favour of labour and money-based macroeconomics.

Though central to the market process, entrepreneurship is often overlooked by theorists. This work presents the entrepreneur as theorist, developing ideas to be tested in the market, creating new ventures through trial and error.

Capitalism and Inequality rejects the popular view that attributes the recent surge in inequality to a failure of market institutions. Bringing together new and original research from established scholars, it analyses the inequality inherent in a free market from an economic and historical perspective.

This collection of Lachmann's essays outline his approach to economics and, in particular, his emphasis on the meaning of human institutions in a world of unpredictable change, rather than on quantitative and stable relations.

Through a combination of theoretical and empirical contributions, this book addresses the need for a better understanding of why some societies are more economically free than others and how changes in economic freedom come about.