Advanced Topics in Liberty
The Austrian School of Economics
Conference for Graduate Students - February 15-17, 2013
Discussion Leader: Christopher Coyne
Session 1: The Economic Point of View
Kirzner, Israel M. The Economic Point of View. Edited by Peter J. Boettke and Frédéric Sautet. Indianapolis: Liberty Fund, Inc., 2009. Chapter 7, “Economics as a Science of Human Action” (pages 151–189).
Session 2: Subjectivity and Human Action
O’Driscoll Jr., Gerald P. and Mario J. Rizzo. The Economics of time & Ignorance. New York: Basil Blackwell, 1985. Chapter 1, “An Overview of Subjectivist Economics” (pages 1–13) and Chapter 2, “Static versus Dynamic Subjectivism” (pages 17–34).
Session 3: Knowledge and Decisions
Hayek, Friedrich A. “The Use of Knowledge in Society.” The American Economic Review 35, no. 4 (September 1945): 519–530.
O’Driscoll Jr., Gerald P. and Mario J. Rizzo. The Economics of time & Ignorance. New York: Basil Blackwell, 1985. Chapter 3, “Knowledge and Decisions” (pages 35–51) and Chapter 4, “The Dynamic Conception of Time” (pages 52–70).
Session 4: Market Process and Entrepreneurship
Dolan, Edwin G, eds. The Foundations of Modern Austrian Economics. Mission: Sheed and Ward, 1976. Israel M. Kirzner’s “Equilibrium versus Market Process” (pages 115–125).
Buchanan, James M. The Collected Works of James M. Buchanan, Volume 6: Cost and Choice: An Inquiry in Economic Theory. Indianapolis: Liberty Fund, Inc., 1999. Chapter 2, “The Origins and Development of a London Tradition” (pages 17–36) and Chapter 3, “Cost and Choice” (pages 37–48).
Session 5: Money and Trade Cycle
Rothbard, Murray N. America’s Great Depression [Second Edition]. Los Angeles: Nash Publishing, 1972. Introduction (pages 1-7) and Chapter 1, “The Positive Theory of the Cycle” (pages 11–38) and notes (pages 305–311).
Kates, Steven, eds. The Global Financial Crisis: What Have We Learnt?. Cheltenham: Edward Elgar Publishing, Inc., Forthcoming 2012. Steven G. Horwitz and William J. Luther’s “The Great Recession and its Aftermath From a Monetary Equilibrium Theory Perspective”.
Session 6: Ideology, Science, and the Austrian School
Dolan, Edwin G, eds. The Foundations of Modern Austrian Economics. Mission: Sheed and Ward, 1976. Murray N. Rothbard’s “Praxeology, Value Judgments, and Public Policy” (pages 89–111).
Boettke, Peter J. “Why Are There No Austrian Socialists? Ideology, Science and the Austrian School.” The Journal of the History of Economic Thought 17 (Spring 1995): 35–56.