Varieties of Austrian Price Theory: Rothbard Reviews Kirzner

posted by
September 28, 2011
Libertarian Papers
by Joseph T. Salerno  
Posted in Commentary

"The root of any system of economic theory is the theory of price. But while modern Austrian economists have put a great deal of effort and ingenuity into building up the superstructure of their discipline since the mid-1970s, they have paid scant attention to ensuring that the price theory supporting the edifice is a sound and settled doctrine." [abstract -- full paper available as PDF or MS Word download] (09/27/11)

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