Explorations in Austrian Economics

The Austrian tradition in economic thought had a profound influence on the development of post-war economics including neoclassical orthodoxy, game theory, public choice, behavioral economics, experimental economics, and complexity economics. Much of what was once unique to the Austrian school has become part of the cognitive DNA of work-a-day economists. Because these Austrian roots have gone largely unrecognized, economists often wonder quite sincerely what the fuss is about when it comes to the Austrian school. In this sense, the Austrian school has been a victim of its own success. The chapters in this volume reveal that the riches of the Austrian school have not been exhausted and further inquiry in the Austrian tradition will continue to yield much that is new and valuable.