Economists shape our everyday lives, yet many people find their thinking unsettling. Their talk of perfect competition and aggregate demand seems to describe something that has no relation to the real world in which people find themselves. That same idea occurred to the Austrian economist Carl Menger back in 1871. Writing on markets for a newspaper, he realised that mainstream economic theory ignored the essential thing that made markets work. Economics is not about fitting different statistics into equations it is about our values, and how they shape our choices, and what we buy and sell. From this insight, Menger and the Austrian School economists who followed him built up a powerful critique of mainstream economics that continues to gain traction today. Austrian School economists gave us the ideas of marginal utility, opportunity cost, and the importance of time and ignorance in shaping human choices and the markets, prices and production systems that stem from them. Austrian economics has revolutionised our understanding of what money is, why economic booms invariably turn to busts, why government intervention in the economy is a mistake, the importance of time and information in economic decision-making, and the crucial role of entrepreneurship. Eamonn Butler explains these ideas in straightforward, non- technical language, making this Primer the ideal introduction for anyone who wants to understand the key insights of the Austrian School and their relevance and importance to our economic situation today.
Austrian Economics - A Primer
Eamonn Butler
Adam Smith Institute
2010
119 páginas
3h 58m
ISBN-13: 9781902737690
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Eamonn Butler
É o diretor do Adam Smith Institute, um instituto de políticas públicas de ponta. Ele é formado em economia, filosofia e psicologia, obtendo seu PhD pela universidade de St. Andrews em 1978. Durante a década de 70, ele trabalhou para o congresso americano e ensinou filosofia no Hillsdale College, Michigan, antes de voltar para o Reino Unido e ajudar a fundar o Adam Smith Institute. Eamonn é autor de livros sobre economistas como Milton Friedman, F. A. Hayek e Ludwig von Mises, e uma introdução à Escola Austríaca de economia. Para o IEA, ele tem escrito introduções acerca de Adam Smith e Ludwig von Mises. Ele é co-autor da história do controle de salários e preços, e de uma série de livros sobre QI. Sua mais recente publicação popular, The Best Book on the Market, The Rotten State of Britain e The Alternative Manifesto, tem atraído atenção considerável, e ele é um contribuinte frequente para a mídia impressa e eletrônica.
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