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Routledge Foundations of the Market Economy


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Economic Freedom and Prosperity: The Origins and Maintenance of Liberalization

Economic Freedom and Prosperity: The Origins and Maintenance of Liberalization

1st Edition

Benjamin Powell
October 25, 2018

Economic theory and a growing body of empirical research support the idea that economic freedom is an important ingredient to long-run economic prosperity. However, the determinants of economic freedom are much less understood than the benefits that freedom provides. Economic Freedom and Prosperity...

Competition and Free Trade

Competition and Free Trade

1st Edition

Pascal Salin
October 05, 2017

Competition and free trade are both concepts which are absolutely central for the understanding of human societies but are also often the subjects of fears and criticisms. It is argued that it is not possible to understand what competition really is without referring to the concept of freedom, and...

Austrian Economics Re-examined: The Economics of Time and Ignorance

Austrian Economics Re-examined: The Economics of Time and Ignorance

1st Edition

Gerald P O'Driscoll Jr, Mario Rizzo
November 07, 2016

Austrian Economics Re-examined: The Economics of Time and Ignorance is an expanded version of the 1996 edition of The Economics of Time and Ignorance. This work is a classic statement of the role of subjectivism, radical uncertainty and change through real time in Austrian economics specifically,...

Economic and Political Change after Crisis: Prospects for government, liberty and the rule of law

Economic and Political Change after Crisis: Prospects for government, liberty and the rule of law

1st Edition

Stephen H. Balch, Benjamin Powell
September 13, 2016

The U.S. Government’s accumulated national debt and unfunded liabilities in social security and Medicare could be pushing the country towards a fiscal crisis. How could such a crisis be avoided? If a crisis does strike, how might it be dealt with? What might be the long term ramifications of...

Capital in Disequilibrium: The Role of Capital in a Changing World

Capital in Disequilibrium: The Role of Capital in a Changing World

1st Edition

Peter Lewin
January 31, 2016

Drawing on the work of the Austrian School and its heirs, Capital in Disequilibrium develops a modern, systematic version of capital theory in order to suggest a new approach to the subject of economics. Original and provocative in his reflection, Lewin offers both a new approach and an accessible...

Understanding the Culture of Markets

Understanding the Culture of Markets

1st Edition

Virgil Storr
September 29, 2015

How does culture impact economic life? Is culture like a ball and chain that actors must lug around as they pursue their material interests? Or, is culture like a tool-kit from which entrepreneurs can draw resources to aid them in their efforts? Or, is being immersed in a culture like wearing a...

Money and Markets: Essays in Honor of Leland B. Yeager

Money and Markets: Essays in Honor of Leland B. Yeager

1st Edition

Roger Koppl
September 10, 2015

Important and celebrated economist Leland Yeager is one of the architects of the 'Virginia School' of political economy that has produced two Nobel laureates (James Buchanan and Ronald Coase) and the Public Choice movement. A number of top class contributors have here been brought together...

Producing Prosperity: An Inquiry into the Operation of the Market Process

Producing Prosperity: An Inquiry into the Operation of the Market Process

1st Edition

Randall Holcombe
March 04, 2015

The substantial prosperity that characterizes market economies at the beginning of the twenty-first century is relatively recent in human history. Prior to the Industrial Revolution, economic progress was so slow that people would not have been able to recognize it in their lifetimes, whereas today...

Entrepreneurship and the Market Process: An Enquiry into the Growth of Knowledge

Entrepreneurship and the Market Process: An Enquiry into the Growth of Knowledge

1st Edition

David A Harper
December 23, 2014

Enterpreneurship is central to the market process, and yet most theories of it fail to tackle the problem of how economic agents learn from their experience. This book redresses this by systematically applying the ideas of Karl Popper. It treats the entrepeneur as a theorist who develops...

Prices and Knowledge: A Market-Process Perspective

Prices and Knowledge: A Market-Process Perspective

1st Edition

Esteban F. Thomsen
December 23, 2014

First published in 1992. Routledge is an imprint of Taylor & Francis, an informa company....

Expectations and the Meaning of Institutions: Essays in Economics by Ludwig M. Lachmann

Expectations and the Meaning of Institutions: Essays in Economics by Ludwig M. Lachmann

1st Edition

Don Lavoie
December 23, 2014

This collection of Ludwig Lachmann's essays challenges contemporary attitudes to economics and seeks to apply an interpretive approach to the discipline. The essays, spanning six decades, address a wide range of issues in microeconomics, macroeconomics, methodology and the history of thought. They...

The Theory of Dynamic Efficiency

The Theory of Dynamic Efficiency

1st Edition

Jesús Huerta De Soto
May 19, 2014

This book gathers a collection of English language essays by Jesús Huerta de Soto over the past ten years, examining the dynamic processes of social cooperation which characterize the market, with particular emphasis on the role of both entrepreneurship and institutions. The author’s...

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