As a follow up to his monograph on Ludwig von Mises, Eamonn Butler has written an excellent primer on the core of Austrian economics. Published by the Adam Smith Institute in the UK, this primer covers the main contributions of the Austrians, from value theory to the business cycle, in a manner specifically targeted to the newly curious. I’ve had a look at it in draft form. The prose has a nice pacing to it, and his highlighting of the main thinkers provides a very competent overview.
Here is Butler’s “Austrian Economics is Back” and you can also buy the book from ASI.
This new interest in Austrian theory in the UK is all quite exciting. It is striking that the theoretical draw here is directly related to the business cycle theory. In the past, people were drawn to Austrian theory because of issues of entrepreneurship or methodology or value theory. But now we see that the draw is more practical: only Austrian theory seems to fully account for the global recession. For more on this, see The Second Austrian Revival.
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Huzzah!
Any change of the Mises Institute publishing this in the US so we don’t have to order it from the UK???
WHY DOES THIS REVOLUTION HAPPEN _SO SLOWLY_, ARGH.
It moves backwards, in fact.
Now, now – don’t be negative.
Does the Austrian school address the regulatory state and the relative burden on an economy trying to recover vs. an economy with vigor and momentum. I have long believed that regulatory burdens added over long periods of time during which the economy is growing (as in generally the last 70 years in U.S.) can become impossible burdens to overcome when the business cycle does finally experience a crash. If true, then stopping the growth of regulation will not solve our problems, but virtually deregulatig will become necessary.
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