This book covers several areas of economic theory and political philosophy from the perspective of Austrian Economics and libertarianism. As such, it deals with Epistemology and Methodology, Microeconomics, Macroeconomics, Labor Economics, International Economics, Political Philosophy, Law and Public Policy, all from the Austro-libertarian perspective. Hence, this book offers an integrated view of libertarianism and Austrian economics in the light of recent debates in the areas of economic science and political philosophy. Moreover, it builds from the foundations of the Austrian approach (epistemology and methodology), while the latter material deals with its application to the individual from the microeconomic perspective, which in turn allows an exploration of subjects in macroeconomics. Additionally, this work applies Austro-libertarianism to law, politics, and public policy. Thus, it offers a unified view of the entire approach, in a logical progression, allowing the readers to judge this perspective in full.
Author(s): Alan G. Futerman, Walter E. Block
Edition: 1
Publisher: Springer
Year: 2021
Language: English
Commentary: TruePDF
Pages: 213
Tags: Macroeconomics: Monetary Economics: Financial Economics; Microeconomics; International Economics; Public Economics; Economic Policy; Constitutional Law
Foreword
Works Cited
Acknowledgments
Introduction
Austrian Economics and Libertarianism
Contents
Chapter 1: Epistemology and Methodology
1.1 Introduction
1.2 The Methodology of Praxeology
1.3 The Logic of Intentional Action
1.4 The Epistemological Implications of Praxeology
1.5 Objections to the Praxeological Approach and Possible Answers
1.5.1 Psychologism and Polylogism
1.5.2 Praxeology and Logic
1.5.3 Intuition and Introspection
1.6 Conclusion
Bibliography
Chapter 2: Microeconomics
2.1 Introduction
2.2 Utility and the Qualitative Nature of the Process of Choice
2.3 The Concept of Equilibrium in the Context of Consumer Choice
2.4 The Concept of Indifference, Transitivity and the Condition of Utility Maximization
2.5 Human Action and Its Standard
2.6 Conclusion
Bibliography
Chapter 3: Labor Economics
3.1 Introduction
3.2 Appeal to Ethics
3.3 Corporate/Private Minimum Wage
3.4 Wages and the Minimum Wage
3.5 Conclusion
Bibliography
Chapter 4: Macroeconomics
4.1 Introduction
4.2 Government, Not Business
4.3 Real Interventions by Government
4.4 Conclusion
Bibliography
Chapter 5: International Economics
5.1 Taleb and Ricardo: Defending the Theory of Comparative Advantage
5.1.1 Introduction
5.1.2 The Theory of Comparative Advantage
5.1.3 Taleb’s Critique: Price Variability
5.1.4 A Priori Vision of Ricardo’s Theory
5.1.5 Conclusion
5.2 The Benefits of World Trade: A Critique of Prebisch-Singer
5.2.1 Introduction
5.2.2 The Theory of the Deterioration in the Terms of Trade
5.2.3 The Case Study of Argentina
5.2.4 Conclusion
Bibliography
Chapter 6: Political Philosophy
6.1 The Fundamental Basis of Statism, and the Anarcho-Capitalist Alternative
6.1.1 Introduction
6.1.2 A Priori Statism
6.1.3 Anarchism
6.1.4 Response to Common Criticisms
6.1.5 Conclusion
6.2 Critique of Anarcho-Capitalism: A Reply to Objections
Bibliography
Chapter 7: Law
7.1 Introduction
7.2 The US Constitution
7.3 Supreme Court Cases and the Progressive Erosion of Freedom
7.4 Conclusion
Bibliography
Chapter 8: Public Policy
8.1 The Case Against the War on Drugs
8.1.1 Introduction
8.1.2 Government Legislating Morality?
8.1.3 Same Story, Same Results
8.1.4 Private Property Under Risk, Life Under Risk
8.1.5 Poverty Is not the Problem
8.1.6 The Moral Is the Practical
8.1.7 Conclusion
8.2 The Free Society in a Pandemic
Bibliography
Chapter 9: Final Thoughts
