The Oxford Handbook of Austrian Economics was designed to give an overview of the main methodological, analytical, and practical implications of the Austrian School of Economics. This intellectual tradition in economics and political economy has a long history that dates back to Carl Menger in the late 19th century. The various contributions discussed in this book all reflect this tension of an orthodox argumentative structure (rational choice and invisible hand) to address heterodox problem situations (uncertainty, differential knowledge, ceaseless change). The Austrian economists from the founders to today seek to derive the invisible hand theorem from the rational choice postulate via institutional analysis in a persistent and consistent manner.
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