The Economics of Time and Ignorance (Foundations of the Market Economy)

✍ Scribed by Jr. Gerald P. O'Driscoll, Mario J. Rizzo

• Year: 1996
• Tongue: English
• Leaves: 300
• Edition: 2
• Category: Library

✦ Synopsis

The Economics of Time and Ignorance is one of the seminal works in modern Austrian economics. Its treatment of historical time and of uncertainty helped set the agenda for the remarkable revival of work in the Austrian tradition which has led to an ever wider interest in the once heretical ideas of Austrian economics. It is here reprinted with a substantial new introductory essay, outlining the major developments in the area since its original publication a decade ago.

✦ Table of Contents

Book Cover......Page 1
Title......Page 4
Contents......Page 5
Introduction: Time and Ignorance After Ten Years......Page 14
An Overview of Subjectivist Economics......Page 36
Static versus Dynamic Subjectivism......Page 52
Knowledge and Decisions......Page 70
The Dynamic Conception of Time......Page 87
Uncertainty in Equilibrium......Page 106
Competition and Discovery......Page 130
The Political Economy of Competition and Monopoly......Page 165
A Subjectivist Theory of a Capital-using Economy Roger Garrison......Page 195
The Microanalytics of Money......Page 223
Some Unresolved Problems......Page 264
Bibliography......Page 272
Index......Page 289