Karen I. Vaughn – författare

This 1994 book examines the development of the ideas of the new Austrian school from its beginnings in Vienna in the 1870s to the present. It focuses primarily in showing how the coherent theme that emerges from the thought of Carl Menger, Ludwig von Mises, Friedrich Hayek, Ludwig Lachman, Israel Kirzner and a variety of new younger Austrians is an examination of the implications of time and ignorance (or processes and knowledge) for economic theory.

This 1994 book examines the development of the ideas of the new Austrian school from its beginnings in Vienna in the 1870s to the present. It focuses primarily in showing how the coherent theme that emerges from the thought of Carl Menger, Ludwig von Mises, Friedrich Hayek, Ludwig Lachman, Israel Kirzner and a variety of new younger Austrians is an examination of the implications of time and ignorance (or processes and knowledge) for economic theory.

This important book features some of the most original and interesting new work by an internationally acclaimed group of authors on the history and development of economic thought.A range of important issues in twentieth century economics are addressed including the current state of methodological investigation, early modes of conflict and Wicksell's concept of capital. The economics of the inter-war period are examined as they pertain to Dutch Marxism, mainstream theories of uncertainty and the origin of the theory of imperfect competition. A series of papers on Keynes includes perspectives on issues ranging from his philosophical thinking to the relationship between his ideas on the limits of measurement and uncertainty. The final section explores the measurement of economic constructs both as a practical problem in the development of national income accounts after the Second World War, and as a theoretical issue in the work of Farrell and Leibenstein.Featuring important contributions from the 19th annual meeting of the History of Economics society, this book will be welcomed because it makes available to a wider audience a series of innovative essays on the history of intellectual and economic thought.