ABSTRACT

This collection of essays from one of the major Austrian economists working in the world today brings together in one place some of his key writings on a variety of economic issues.

chapter 1|6 pages

Introduction

chapter 2|22 pages

Why are there no Austrian Socialists? Ideology, science, and the Austrian school

Ideology, science, and the Austrian school*

chapter 3|18 pages

Economic calculation: the Austrian contribution to political economy

The Austrian contribution to political economy*

chapter 4|19 pages

Hayek’s The Road to Serfdom revisited: government failure in the argument against Socialism

Government failure in the argument against Socialism*

chapter 6|28 pages

The Soviet experiment with Pure Communism*

chapter 7|35 pages

The political economy of utopia: Communism in Soviet Russia, 1918–21

Communism in Soviet Russia, 1918–21*

chapter 8|14 pages

Soviet venality: a rent-seeking model of the Communist state

A rent-seeking model of the Communist state*

chapter 10|15 pages

Perestroika and public choice: the economics of autocratic succession in a rent-seeking society

The economics of autocratic succession in a rent-seeking society*

chapter 13|10 pages

The Russian crisis: perils and prospects for post-Soviet transition

Perils and prospects for post-Soviet transition*

chapter 15|18 pages

Why culture matters: economics, politics, and the imprint of history

Economics, politics, and the imprint of history*

chapter 16|3 pages

Concluding remarks