From the standpoint of modern economics, the “marvel” of the price system is the way in which contextual knowledge is discovered and utilized without requiring individuals to articulate and transmit any great part of it to a central planner. While extremely valuable, this insight has tended to...

The Elgar Companion to Austrian Economics is a major new reference work which highlights the common ground between all the branches of the school while demonstrating the breadth and diversity within it. The Companion reflects the many areas where Austrian economists have made contributions,...

The Elgar Companion to Austrian Economics is a major new reference work which highlights the common ground between all the branches of the school while demonstrating the breadth and diversity within it. The Companion reflects the many areas where Austrian economists have made contributions,...

With the publication of The Rise of the Creative Class by Richard Florida in 2002, the ‘creative city’ became the new hot topic among urban policymakers, planners and economists. Florida has developed one of three path-breaking theories about the relationship between creative individuals and...

According to Ludwig Von Mises (1949/1963) , economics studies the causes and consequences of goal-directed action. Each of us seeks to improve our situations as we see it. But just how each of us perceives our situation, and what alternative ends and means we believe are available to us, depends...