The Economics of Time and Ignorance is one of the seminal works in modern Austrian economics. Its treatment of historical time and of uncertainty helped set the agenda for the remarkable revival of work in the Austrian tradition which has led to an ever wider interest in the once heretical ideas of Austrian economics. It is here reprinted with a substantial new introductory essay, outlining the major developments in the area since its original publication a decade ago.
A powerful critique of nudge theory and the paternalist policies of behavioral economics, and an argument for a more inclusive form of rationality.
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This third volume in the series is divided into four parts. The first presents a symposium on models of socialism, the second presents current research, the third, review essays, and the fourth, book reviews.
Austrian Economics Re-examined brings together for the first time O'Driscoll and Rizzo's complete collection of works on Austrian Economics including a previously unpublished essay entitled 'What is Austrian Economics?', a brand new introduction reflecting their current thoughts on the field and the 1996 edition of their seminal work, The Economics of Time and Ignorance. Originally published in 1985, The Economics of Time and Ignorance by O'Driscoll and Rizzo was a major intervention in economics which has been influential in the development of the Austrian school ever since. Its treatment of historical time and of uncertainty helped set the agenda for the remarkable revival of work in the Austrian tradition which has led to an ever wider interest in the once heretical ideas of Austrian economics. Austrian Economics Re-examined presents the life's work of two of the most important contemporary thinkers on Austrian Economics and is therefore a must read for anyone interested in this field.
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