24/02/2017: Institute of Humane Studies: Austrian School of Economics

Conference for Students – February 24-26, 2017

Discussion Leader: Daniel D’Amico, Visiting Professor of Political Science – Brown University

Session I – The Economic Point of View
Kirzner, Israel M. The Economic Point of View. Edited by Peter J. Boettke and Frédéric Sautet. Indianapolis: Liberty Fund, Inc., 2009. Chapter 7, “Economics as a Science of Human Action” (pages 151–189).
Session II – Subjectivity and Human Action
O’Driscoll Jr., Gerald P. and Mario J. Rizzo. The Economics of Time & Ignorance. New York: Basil Blackwell, 1985. Chapter 1, “An Overview of Subjectivist Economics” (pages 1–13) and Chapter 2, “Static versus Dynamic Subjectivism” (pages 17–34).
Session III – Knowledge and Decisions
Hayek, Friedrich A. “The Use of Knowledge in Society.” The American Economic Review 35, no. 4 (September 1945): 519–530.
O’Driscoll Jr., Gerald P. and Mario J. Rizzo. The Economics of Time & Ignorance. New York: Basil Blackwell, 1985. Chapter 3, “Knowledge and Decisions” (pages 35–51) and Chapter 4, “The Dynamic Conception of Time” (pages 52–70).
Session IV – Market Process and Entrepreneurship
Hayek, Friedrich AIndividualism and Economic Order. Chicago: University of Chicago Press, 1948, 1963, 1969, 1996. Chapter 5, “The Meaning of Competition” (pages 92–106).
Buchanan, James M. The Collected Works of James M. Buchanan, Volume 6: Cost and Choice: An Inquiry in Economic Theory. Indianapolis: Liberty Fund, Inc., 1999. Chapter 2, “The Origins and Development of a London Tradition” (pages 17–36) and Chapter 3, “Cost and Choice” (pages 37–48).
Session V – The Logic of Interventionism
Mises, Ludwig von. Planning for Freedom and Other Essays and Addresses. South Holland: Libertarian Press, 1952. Chapter 4, “Middle-of-the-Road Policy Leads to Socialism” (pages 41–52).
Hayek, F. A. The Road to Serfdom: Texts and Documents (The Definitive Edition). Edited by Bruce Caldwell. Chicago: University of Chicago Press, 2007. Chapter 6, “Planning and the Rule of Law” (pages 112–123).
Kirzner, IsraelDiscovery and the Capitalist Process. Chicago: University of Chicago Press, 1985. Chapter 6, “The Perils of Regulation: A Market-Process Approach” (pages 119–149).
Session VI – Ideology, Science, and the Austrian School
Dolan, Edwin G., eds. The Foundations of Modern Austrian Economics. Mission: Sheed and Ward, 1976. Murray N. Rothbard’s “Praxeology, Value Judgments, and Public Policy” (pages 89–111).
Boettke, Peter J. “Why Are There No Austrian Socialists? Ideology, Science and the Austrian School.” The Journal of the History of Economic Thought 17 (Spring 1995): 35–56.

More info: https://theihs.org/seminars-conferences/advanced-topics-in-liberty/austrian-school-economics/
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