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.
Table of Contents
1: Why no Austrian Socialists?; 1A Appendix: Is economics a moral science?; Part I - The Theoretical Framework; 2: Economic calculation: The Austrian contribution to political economy; 3: Hayek's The Road to Serfdom revisited: Government failure in the argument against socialism; 4: Coase, communism and inside the 'Black Box' of soviet-type economies; Part II - History and practice of real existing socialism; 5: The soviet experience with pure communism; 5A Appendix: The Soviet experience with pure communism: Rejoinder to Nove; 6: The political economy of Utopia: Communism in Soviet Russia, 1918-1921; 7: Soviet venality: A rent-seeking model of the communist system; Part III - Realism and Reform; 8: Credibility, commitment and soviet economic reform; 9: Perestroika and public choice: The economics of autocratic succession in a rent-seeking society; 10: The reform trap in economics and politics in the former communist economies; 11: Promises made and promises broken in the Russian transition; 12: The Russian crisis: Perils and prospects for Post-soviet transition; 13: The political infrastructure of economic development; 13A Appendix: The argument applied to Post-Perestroika Russia; Part IV - Political economy and the fate of economies; 14: Why culture matters: economics, politics and the imprint of history; 15: Concluding remarks; 15A Appendix A: Economic freedom and economic growth; 15B Appendix B: Economic growth and human well-being
Peter J. Boettke is Associate Professor at George Mason University, where he also serves as the Deputy Director of the James M. Buchanan Center for Political Economy.