Classics in Austrian Economics:

A Sampling in the History of a Tradition

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Editor: Israel M Kirzner

This collection presents the key developments in the 120 year history of the Austrian School of Economics from the 1870s to the writings of Mises and Hayek. A number of papers have new translations from German commissioned for this edition, allowing wider access to these key writings in modern economic thought for the first time. There is a substantive general introduction by the editor, and a comprehensive bibliography and index.

Contents

Volume 1:

The Founding Era

Menger: Toward a Systematic Classification of the Economic Sciences (1889); The General Theory of the Good and Economy and Economic Goods (1871); On the Origin of Money (1892) Boehm-Bawerk: The Historical vs. the Deductive Method in Political Economy (1891); Professor Clark’s Views on the Genesis of Capital (1895); On the Relationship between the ‘Third Reason’ for Higher Valuation of Present Goods and the Two Other Reasons (1959) Wieser: On the Relationship of Costs to Value (1876)*; The Austrian School and the Theory of Value (1891); The Theory of Urban Ground Rent (1909); The Nature and Substance of Theoretical Economics (1876)*; Cuhel: On the Theory of Needs (1907)*; Boehm-Bawerk: On the Measurability of Sensations

Volume 2:

The Interwar Period

Strigl: Economic Theory in the Service of Economic Policy (1928); Mayer: Imputation (1928)*; The Cognitive Value of Functional Theories of Price (1932)*; Rosenstein-Rodan: Marginal Utility (1927); Haberler: Economics as an Exact Science (1923-24)*; Schoenfeld: On Joseph Schumpeter’s Solution of the Problem of Economic Imputation (1924-5)*; Machlup: Professor Knight and the ‘Period of Production’ (1935); Morgenstern: The Time Moment in Value Theory (1935)

Volume 3:

The Age of Mises and Hayek

Mises: Economic Calculation in the Socialist Commonwealth (1920); Monetary Stablisation and Cyclical Policy; Percy L Greaves (ed.) On the Manipulisation of Money and Credit; The Treatment of ‘Irrationality’ in the Social Sciences (1944); Epistemological Relativism (1961); Market (1961); Hayek: Intertemporal Price Equilibrium and Movements in the Value of Money (1928); The Maintenance of Capital (1935); Socialist Calculation: The Competitive ‘Solution’ (1940); The Use of Knowledge in Society (1945); Competition as a Discovery Procedure (1978)

* New translation for this edition

Reviews

‘…. this is a welcome addition to the reference works on Austrian economics and, as is always the case with such collections, we are deeply indebted to the editor and publisher for putting together such a range of contributions in one place…. this collection is strongly recommended for scholars with an interest in the Austrian school. As a historical document, it collects some of the most important, and often hard to find, papers.’
Steven Horwitz, Journal of Economic Methodology

‘This is the first such collection and should be welcomed as filling a significant scholarly need. Highly Recommended.’
– CHOICE

Related titles

• Modern Austrian Economics

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