Overview
- Examines price theory written purely from a subjectivist “Austrian perspective"
- Explores themes of classical economics; objective and opportunity costs; indifference and human action
- Easy to read style textbook economic theory textbook suitable for macroeconomic and microeconomic students
Part of the book series: Springer Texts in Business and Economics (STBE)
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Table of contents (15 chapters)
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Front Matter
Keywords
- Economics
- Choice and Cost
- Marginal utility
- Ordinal utility
- Cardinal utility
- Crusoe Economics
- Exchange and Demand
- Comparative advantage
- Direct Exchange
- Indirect Exchange
- Elasticity of Demand
- Entrepreneurship
- Private monopolies
- Theory of the Firm
- Ronald Coase theory
- Demsetz-Alchian theory
- Austrian theory
- Social responsibility
- Heterodox Economics
- Market socialism
About this book
This is an introductory textbook written in the tradition of Menger, Bohm-Bawerk, Mises and Hayek, instead in the tradition of Alfred Marshall and John Maynard Keynes, as almost all modern textbooks are. The authors offer a text not predicated on physics envy; on an attempt to liken economics to the physical sciences, on the basis of “empirical evidence”, statistics and verification.
Authors and Affiliations
About the authors
Walter E. Block is Harold E. Wirth Endowed Chair and Professor of Economics, College of Business, Loyola University New Orleans, and senior fellow at the Mises Institute. He earned his PhD in economics at Columbia University in 1972. He has taught at Rutgers, SUNY Stony Brook, Baruch CUNY, Holy Cross and the University of Central Arkansas. He is the author of more than 650 refereed articles in professional journals, almost three dozen books, and thousands of op eds. He lectures widely on college campuses, delivers seminars around the world and appears regularly on television and radio shows. He is the Schlarbaum Laureate, Mises Institute, 2011; and has won the Loyola University Research Award (2005, 2008) and the Mises Institute’s Rothbard Medal of Freedom, 2005; and the Dux Academicus award, Loyola University, 2007.
Ivan Jankovic is Assistant Professor of Economics at the University of Mary in Bismarck, North Dakota, USA. His background is in economic theory and the history of political and economic ideas. His previous book “Mengerian Microeconomics: The Forgotten Anglo-American Contribution to the Austrian School” was published by Palgrave in 2020.
Bibliographic Information
Book Title: Action and Choice
Book Subtitle: An Introduction to Economics
Authors: Walter E. Block, Ivan Jankovic
Series Title: Springer Texts in Business and Economics
DOI: https://doi.org/10.1007/978-981-19-3751-4
Publisher: Springer Singapore
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2022
Hardcover ISBN: 978-981-19-3750-7Published: 09 November 2022
Softcover ISBN: 978-981-19-3753-8Published: 10 November 2023
eBook ISBN: 978-981-19-3751-4Published: 07 November 2022
Series ISSN: 2192-4333
Series E-ISSN: 2192-4341
Edition Number: 1
Number of Pages: XI, 252
Number of Illustrations: 1 b/w illustrations
Topics: International Economics, Economic History, Heterodox Economics, Macroeconomics/Monetary Economics//Financial Economics, Economic Growth, Public Economics