Austrian Economics ― The Next Generation

Austrian Economics: The Next Generation brings together emerging and established scholars to explore the insights that can be gleaned from applying Austrian economics to a range of different topics. Spanning a variety of related disciplines, from history to politics to public policy, this collection explores a wide range of topics and how they relate to key Austrian themes. How has Austrian economics evolved over the past 40 years? What is the relationship between history and economic theory? How does the Austrian school of economics compare to other evolutionary schools of economic thought? What can public choice theory take from the concept of emergent order? What role does departmental culture play in enabling or deterring police misconduct? How do the multiple forces shaping the evolution of economic inequality interact with one another? What are the limitations of evidence-based policy? To what extent do regulatory agencies recognize key Austrian insights? How does the platform economy affect the possibilities for regulation of traditional utilities? What can a defense of market institutions rooted in market process theory learn from virtue ethics? Is a classical liberal limited state best situated to cope with the darker side of human nature, or might conservatism or social democracy perform better? This collection explores each of these topics in detail, providing fresh takes on a wide range of important topics.

Steven Horwitz is the John H. Schnatter Distinguished Professor of Free Enterprise in the Department of Economics in the Miller College of Business at Ball State University. He is also an Affiliated Senior Scholar at the Mercatus Center in Arlington, VA, and a Senior Fellow at the Fraser Institute of Canada. He is the author of three books, including most recently Hayek's Modern Family: Classical Liberalism and the Evolution of Social Institutions.