December, 2018

The Market Process

Essays in Contemporary Austrian Economics
purchase the book

Read the preface to the Mercatus Center edition by Peter J. Boettke and David L. Prychitko

Purchase the book on Amazon.

Read the preface to the Mercatus Center edition by Peter J. Boettke and David L. Prychitko.

The Market Process presents a series of important and innovative articles written by economists of the Austrian school. Covering the gamut of economic issues, including equilibrium theory, free banking, public choice, and the problems of contemporary social reform, the book is an ideal introduction to the diversity of contemporary Austrian economics and its innovative trajectory of research in the late 20th century.

Drawing upon essays published in the journal Market Process during the 1980s, this book reflects an extended dialogue over the value and limitations of Austrian economics. It makes available to a wider audience contributions by some of the leading figures in the field. At the cutting edge of interdisciplinary research, it incorporates the latest developments in areas overlooked by neoclassical economists, including process analysis, methodological subjectivism, and phenomenological hermeneutics.

This book should be of interest to all those who seek an alternative to formal, neoclassical economics, as well as other researchers in the social sciences who study exchange processes. In addition, it will be of general interest to Austrian and public choice economists as well as historians of economic thought.

 

Editors

Peter J. Boettke is University Professor of Economics and Philosophy at George Mason University and Director of the F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center at George Mason University.

David L. Prychitko is Professor of Economics at Northern Michigan University.

 

Contributors

Peter J. Boettke, University Professor of Economics and Philosophy, George Mason University; Director, F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics, Mercatus Center at George Mason University

Don Boudreaux, Professor of Economics, George Mason University; Senior Fellow, F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics, Mercatus Center at George Mason University

James M. Buchanan, formerly Distinguished Professor Emeritus of Economics, George Mason University; formerly General Director, Center for Public Choice, George Mason University

Tyler Cowen, Holbert L. Harris Chair of Economics, George Mason University; General Director, Mercatus Center at George Mason University

Richard M. Ebeling, BB&T Distinguished Professor of Ethics and Free Enterprise Leadership, The Citadel

Jack High, Professor Emeritus, Schar School of Policy and Government, George Mason University

Steven Horwitz, Distinguished Professor of Free Enterprise, Ball State University

Matthew B. Kibbe, President and Chief Community Organizer, Free the People

Israel M. Kirzner, Emeritus Professor of Economics, New York University

Ludwig M. Lachmann, formerly Professor Emeritus, University of Witwatersrand

Richard N. Langlois, Professor of Economics, University of Connecticut

Don Lavoie, formerly David H. and Charles G. Koch Chair of Economics, School of Public Policy, George Mason University

Deirdre N. McCloskey, Professor Emeritus of Economics, History, English, and Communication, University of Illinois at Chicago; Distinguished Affiliated Fellow, F. A. Hayek Program for Advanced Study in Philosophy,  Politics, and Economics, Mercatus Center at George Mason University

G. B. Madison, Emeritus Professor of Philosophy, McMaster University

David L. Prychitko, Professor of Economics, Northern Michigan University

George A. Selgin, Senior Fellow and Director, Center for Monetary and Financial Alternatives, Cato Institute; Professor Emeritus of Economics, University of Georgia

G. L. S. Shackle, formerly Professor Emeritus, University of Liverpool

Viktor Vanberg, Professor Emeritus of Economics, University of Freiburg

Karen I. Vaughn, Emeritus Distinguished Senior Fellow, F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics, Mercatus Center at George Mason University

Jack Wiseman, formerly Department of Economics, University of York

Leland B. Yeager, formerly Professor Emeritus of Economics, Auburn University

 

“The scholarly publication [the journal] Market Process played the central role in the transformation of the market process school from a hesitant subset of traditional Austrian economics into a bold new research program. . . . The articles included here are among the best of contributions the Austrian school has ever made and deserve to be given a wider readership.”

— From the foreword by Don Lavoie