Modern Guide to Austrian Economics

Edited by Per L. Bylund, Johnny D. Pope Chair and Associate Professor, School of Entrepreneurship, Spears School of Business, Oklahoma State University, US

• ContentsIntroduction to A Modern Guide to Austrian Economics 1Per L. Bylund1 Praxeology 6Roderick T. Long2 Austrian phenomenology 17Mark D. Packard3 Alertness: an Aristotelian approach 39Frederic Sautet4 Entrepreneurial judgment 64Peter G. Klein and Matthew McCaffrey5 Entrepreneurship and the market process 84Per L. Bylund6 Spontaneous order 103Karras J. Lambert and Peter J. Boettke7 The social and moral aspects of markets 121Ginny Seung Choi and Virgil Henry Storr8 Economic calculation and socialism 142Krzysztof Turowski and Mateusz Machaj9 Money 165Joseph T. Salerno and Kristoffer J. M. Hansen10 Banking 182David Howden11 On the origins of cryptocurrencies 200William J. Luther and Nikhil Sridhar12 The pure time preference theory of interest 216Robert P. Murphy13 Capital theory and the theory of the firm 238Nicolás Cachanosky and Peter Lewin14 Austrian business cycle theory: current research trends andfuture directions 257Jonathan R. Newman and Arkadiusz Sieroń15 Austrian sociology 283Richard G. EllefritzIndex

‘The articles that Per Bylund has collected in this wide-ranging collection show that Austrian economics is thriving. [...] It should be clear from these examples that the Austrian School is thriving. Bylund has rendered a great service in bringing the scholarship in A Modern Guide to Austrian Economics to our attention.’