Austrian economics: recent work
From The New Palgrave Dictionary of Economics, Online Edition, 2009
Edited by
Steven
N.
Durlauf
and
Lawrence
E.
Blume
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Abstract
This article reviews research in Austrian economics over the last 25 years, relating it to (but not discussing in detail) earlier classic work in the Austrian tradition. Core issues are business cycle theory, entrepreneurship, market processes and economic institutions, the communication of knowledge in markets, spontaneous order, and issues related to law and economics.
Keywords
Austrian Business Cycle Theory; Austrian economics; entrepreneurship; Hayek, F.A.; law and economics; market processes; monetary theory; spontaneous order; time
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How to cite this article
Rizzo, Mario J. "Austrian economics: recent work." The New Palgrave Dictionary of Economics. Online Edition. Eds. Steven N. Durlauf and Lawrence E. Blume. Palgrave Macmillan, 2009. The New Palgrave Dictionary of Economics Online. Palgrave Macmillan. 26 May 2013 <http://www.dictionaryofeconomics.com/article?id=pde2009_A000258> doi:10.1057/9780230226203.1915

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