Cover -- The meaning of market process -- Title Page -- Copyright Page -- Table of Contents -- Preface -- Acknowledgements -- Part I The market process approach -- 1 Market process theory: in defence of the Austrian middle ground -- 2 The meaning of market process -- Part II The emergence of the Austrian view -- 3 The Austrian School of economics -- 4 Carl Menger and the subjectivist tradition in economics -- 5 Menger, classical liberalism and the Austrian School of economics -- 6 The economic calculation debate: lessons for Austrians -- 7 Ludwig von Mises and Friedrich von Hayek: the modern extension of Austrian subjectivism -- Part III Some new explorations in the Austrian approach -- 8 Prices, the communication of knowledge and the discovery process -- 9 Economic planning and the knowledge problem -- 10 Knowledge problems and their solutions: some relevant distinctions -- 11 Welfare economics: a modern Austrian perspective -- Part IV Some related issues emerging from the Austrian approach -- 12 Self-interest and the new bashing of economics: a fresh opportunity in the perennial debate? -- 13 Discovery, private property and the theory of justice in capitalist society -- Notes -- References -- Index.

Israel Kirzner is the foremost proponent of the modern Austrian theory of the market process. This book offers substantive insights in support of this theory and a new historical interpretation of how the ideas of modern Austrians emerged.

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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2018. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.