the Austrian School Historical perspective and the role of entrepreneurship in austrian economicsde Soto's

Abstract

For the most part, the book presents a comparative assessment of Austrian economic theories with the predominant neo-classical economic theories. One fundamental theme is that Austrian economic theories are significantly better than that of neo-classical economics and the author provides a variety of reasons to support that conclusion. The author starts with a direct comparison of these two schools in chapter 1. The comparison of the neo-classical economic principles and methodology with Austrian thinking is done in a commendable manner and the summary table in chapter 1 is excellent.

Citation

Kumarappan, S. (2010), " the Austrian School Historical perspective and the role of entrepreneurship in austrian economicsde Soto's", Biddle, J.E. and Emmett, R.B. (Ed.) A Research Annual (Research in the History of Economic Thought and Methodology, Vol. 28 Part 1), Emerald Group Publishing Limited, Leeds, pp. 361-368. https://doi.org/10.1108/S0743-4154(2010)000028A018