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Horwitz - Austrian Economics

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Horwitz Austrian Economics
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This book brings together emerging and established scholars to explore the insights that can be gleaned from applying Austrian economics to a range of different topics and a variety of related disciplines, from history to politics to public policy

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AUSTRIAN ECONOMICS

ADVANCES IN AUSTRIAN ECONOMICS

Series Editors: Daniel J. DAmico and Adam G. Martin

Volume 6:

Austrian Economics and Entrepreneurial Studies Edited by R. Koppl

Volume 7:

Evolutionary Psychology and Economic Theory Edited by R. Koppl

Volume 8:

The Dynamics of Intervention: Regulation and Redistribution in the Mixed Economy Edited by P. Kurrild-Klitgaard

Volume 9:

The Cognitive Revolution in Economic Science Edited by Elisabeth Kreck, Carine Kreck and Roger Koppl

Volume 10:

The Evolution of Consumption: Theories and Policy Edited by Marina Bianchi

Volume 11:

Explorations in Austrian Economics Edited by R. Koppl

Volume 12:

Unexplored Dimensions: Karl Menger on Economics and Philosophy Edited by Giandomenica Becchio

Volume 13:

The Social Science of Hayeks The Sensory Order Edited by William N. Butos

Volume 14:

What is so Austrian about Austrian Economics? Edited by R. Koppl

Volume 15:

Hayek in Mind: Hayeks Philosophical Psychology Edited by Leslie Marsh

Volume 16:

The Spatial Market Process Edited by David Emanuel Andersson

Volume 17:

Experts and Epistemic Monopolies Edited by Roger Koppl, Steven Horwitz and Laurent Dobuzinskis

Volume 18:

Entangled Political Economy Edited by Roger Koppl and Steven Horwitz

Volume 19:

New Thinking in Austrian Political Economy Edited by Christopher J. Coyne and Virgil H. Storr

Volume 20:

Studies in Austrian Macroeconomics Edited by Steven Horowitz

Volume 21:

Revisiting Hayeks Political Economy Edited by Peter J. Boettke and Virgil H. Storr

Volume 22:

The Austrian and Bloomington Schools of Political Economy Edited by Paul Dragos Aligica, Paul Lewis and Virgil Storr

ADVANCES IN AUSTRIAN ECONOMICS VOLUME 23

AUSTRIAN ECONOMICS: THE NEXT GENERATION

Edited by

STEVEN HORWITZ

Ball State University, USA

United Kingdom North America Japan India Malaysia China Emerald Publishing - photo 1

United Kingdom North America Japan
India Malaysia China

Emerald Publishing Limited
Howard House, Wagon Lane, Bingley BD16 1WA, UK

First edition 2019

Copyright 2019 Emerald Publishing Limited

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No part of this book may be reproduced, stored in a retrieval system, transmitted in any form or by any means electronic, mechanical, photocopying, recording or otherwise without either the prior written permission of the publisher or a licence permitting restricted copying issued in the UK by The Copyright Licensing Agency and in the USA by The Copyright Clearance Center. Any opinions expressed in the chapters are those of the authors. Whilst Emerald makes every effort to ensure the quality and accuracy of its content, Emerald makes no representation implied or otherwise, as to the chapters suitability and application and disclaims any warranties, express or implied, to their use.

British Library Cataloguing in Publication Data
A catalogue record for this book is available from the British Library

ISBN: 978-1-78756-578-4 (Print)
ISBN: 978-1-78756-577-7 (Online)
ISBN: 978-1-78756-579-1 (Epub)

ISSN: 1529-2134 (Series)

CONTENTS Steven Horwitz Peter Lewin Peter C Mentzel Rosolino A - photo 2

CONTENTS

Steven Horwitz

Peter Lewin

Peter C. Mentzel

Rosolino A. Candela

Lynne Kiesling

Witold Kwasnicki

Nick Cowen

Jennifer Dirmeyer and Alexander Cartwright

David J. Hebert

Rosamaria Bitetti

Vincent Geloso

Predrag Rajsic and Glenn Fox

LIST OF CONTRIBUTORS

Rosamaria Bitetti

LUISS Guido Carli, Italy

Rosolino A. Candela

Brown University, USA

Alexander Cartwright

Ferris State University, USA

Nick Cowen

New York University School of Law, USA

Daniel J. DAmico

Brown University, USA

Jennifer Dirmeyer

Ferris State University, USA

Glenn Fox

University of Guelph, Canada

Vincent Geloso

Bates College, USA

David J. Hebert

Aquinas College, USA

Steven Horwitz

Ball State University, USA

Lynne Kiesling

Purdue University, USA

Witold Kwasnicki

University of Wroclaw, Poland

Peter Lewin

University of Texas, USA

Adam Martin

Texas Tech University, USA

Peter C. Mentzel

Liberty Fund, Inc., USA

Predrag Rajsic

University of Waterloo, Canada

EDITORS INTRODUCTION: AUSTRIAN ECONOMICS: THE NEXT GENERATION

Steven Horwitz

ABSTRACT

This chapter is the editors introduction to Austrian Economics: The Next Generation, which includes a brief description of the workshop that produced the papers and short summaries of each contribution organized by sub-topic.

Keywords: Austrian economics; public choice economics; Bloomington school; evolutionary economics; entrepreneurship; economic history

This volume of Advances in Austrian Economics emerged out of the Sixth Biennial Wirth Workshop in Austrian Economics that was held March 2326, 2017 on the campus of McGill University in Montreal, Quebec, Canada. The success of that workshop was due to the work of a number of people and institutions. As always, I start by thanking the Wirth Institute for Austrian and Central European Studies at the University of Alberta, and its director, Professor Joseph F. Patrouch, for their continued sponsorship of these workshops. Joe and his staff members at the Wirth Institute, Sylwia Adam-Ross and Rychele Wright, did exemplary work in organizing the logistics for the workshop. On behalf of all involved, I would to especially thank Alfred Wirth for his continued participation in, and support for, the workshop and its important role in forwarding the work of the Austrian school. I also thank Jacob T. Levy of McGill Universitys Research Group on Constitutional Studies, Matt Bufton of the Institute for Liberal Studies, and Jasmin Gunette of the Montreal Economic Institute for their help in the planning process and for co-sponsoring the Friday lunch. Peter Lewin gave us an inspiring keynote address that serves as the first paper in the volume. Daniel DAmico and Adam Martin took over the editorial process for the volume a bit sooner than planned when I became ill, and I am grateful for their willingness to step up. Finally, I thank the participants for producing a very strong set of papers and for the constructive and convivial atmosphere in which we discussed them.

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