Rev Austrian Econ (2015) 28:449 5 24 – DOI 10.1007/s11138-014-0291-7 Randall G. Holcombe: Advanced introduction to the Austrian school of economics Cheltenham, UK—Northampton, MA USA: Edward Elgar, 2014. ix+126 Pages. $99.95 (hardcover)/$27.95 (paperback) Peter Lewin Published online: 19 September 2015 Springer Science+Business Media New York 2014 What is Austrian Economics and how is it different from “regular” economics? This is a much more difficult question to answer than it might seem. One may be tempted to answer, “how long have you got?” and risk losing the audience immediately. One has to find the right entry point, the hook necessary to draw in the curious and lead them to an understanding that comes from the commitment to reexamine one’s presumptions concerning meaning and method. In this slim volume Randall Holcombe had risen to the challenge. If read carefully it provides a comprehensive and accurate introduction for the serious student wanting to know what Austrian Economics is all about. To be sure, it is an “advanced” introduction, meaning, it seems, that some prior knowledge of economics and some conceptual maturity is assumed. Neoclassical equi- librium economics is the standard against which Austrian market process economics is compared throughout. The goal is
The Review of Austrian Economics – Springer Journals
Published: Sep 19, 2014
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