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Philosophy, Politics, and Economics (PPE), as an interdisciplinary endeavour, has surged in popularity in recent years. Work in this field usually draws on standard microeconomics to grapple with questions from political philosophy. But what might Austrian economics, which offers an alternative approach to economic theory, have to offer to this endeavour? Featuring contributions by economists, philosophers, political scientists, and political theorists both friendly to and critical of Austrian ideas, this collection explores what, if anything, Austrian assumptions about human nature and the function of social institutions have to offer the broader field of PPE. The authors explore the relationship of F.A. Hayek's thought to contemporary analysis of democracy, the importance of entrepreneurship for institutional analysis, the possibility and perils of self-governance, and whether Austrian ideas can better explain real-world institutional developments.

The Austrian School has made some of the most significant contributions to the social sciences in recent times but attempts to understand it have remained locked in a polemical frame. In contrast, The Philosophy of the Austrian School presents a philosophically grounded account of the School's methodological, political and economic ideas. Whilst acknowledging important differences between the key figures in the School - Menger, Mises, and Hayek - Raimondo Cubeddu finds that they also have significant things in common. Paramount amongst these are theories of subjective value and notions.

An evaluation of environmental life cycle assessment / Frank S. Arnold -- Methods and metaphors in capital theory / Peter Lewin -- Ludwig Von Mises on inflation and expectations / Joseph T. Salerno -- The influence of Frederic Bastiat / Murray N. Rothbard -- Sciences of political lies, or governments and markets of ideas / Reuven Brenner -- The objectivity of scholarship and the ideal of the university / Don Lavoie -- A difficult distinction / Hans F. Sennholz -- Power, the organization of inquiry and the achievement of spontaneous order : a review essay / Warren J. Samuels -- The economics of friedrich hayek / Bruce Caldwell -- The reclamation of interwar monetary economics : a review essay of hayek and the keynesian avalanche by Brian J. McCormick / William N. Butos -- Discovery, transaction costs, and growth : essay on Douglass C. North's institutions, institutional change, and economic performance / Charles N. Steele -- Publications of Israel M. Kirzner / Israel M. Kirzne -- Preface / Peter J. Boettke, Mario J. Rizzo

In the 2011 Franz Cuhel Memorial Lecture, I argue that the study of endogenous rule formation in economic life (what I term the positive political economy of anarchism) should be studied in-depth and that the economic analysis of the Austrian school of economics provides many of the key analytical insights necessary for such study.

Introduction -- Money -- The functions of money and money creation -- The nature of inflation -- The concept of interest -- The order of money and its consequences -- Blueprints for monetary reform -- Finance -- Debt and ownership -- The building blocks of modern finance -- The failures of modern finance -- How modern finance has contributed to financial crises -- Building blocks of a theory of austrian finance -- From theory to practice- applications of austrian finance -- Epilogue

Intro -- Praise for Mengerian Microeconomics -- Contents -- List of Figures -- List of Tables -- 1: Introduction: What Is Psychological School? -- References -- 2: Menger and Bohm Bawerk and Their Discontents -- 1 Introduction -- 2 Menger, Walras and Jevons … and Clark -- 3 Clark's Co-Discovery of Marginal Utility -- 4 Imputation, Productivity and Time -- 5 Marginal Productivity -- 6 Conclusion -- References -- 3: Opportunity Foregone: Ango-American Psychological Theory of Cost -- 1 Introduction -- 2 Frank Knight Hunting Beaver and Deer -- 3 Philip Wicksteed and One Blade of a Scissor -- 4 Herbert Davenport: Sacrifice, Not Disutility -- 5 What All of This Means? -- References -- 4: The Demise of the Caldron and Laddle Model: Psychological Theory of Distribution -- 1 Introduction -- 2 John Bates Clark: Marginal Productivity Theory -- 3 Philip Wicksteed: Rents, Wages and Marginal Productivity -- 4 Perfect Competition, Marginal Productivity and Distribution -- 5 Conclusion -- References -- 5: In the Interest of Time: Psychological Theory of Interest and Rent -- 1 Introduction -- 2 The Pure Time Preferences Theory of Interest -- 3 Towards a New Theory of Rent: Down with Marshall -- 4 The Great Synthesis: Frank Fetter's New Theory of Rent -- 5 Conclusion -- References -- 6: Defending Entrepreneurship by Abolishing the Entrepreneur -- 1 Introduction -- 2 Who's the Entrepreneur: Depends Which Chapter You Read -- 3 The Road Not Taken: Wicksteed and Fetter on Undertakers and Managers -- 4 Fetter's Summa -- 5 The Long Shadow of Ludwig von Mises -- 6 Chicago School, Psychological School and Entrepreneurship -- 7 Conclusion -- References -- 7: What's Left-The Influence of the Psychological School -- 1 Introduction -- 2 Robbinsian Economizer -- 3 Welfare Economics -- Robbins and Rothbard.

The Austrian school of economics increasingly has become identified with antiwar groups. This is not due to religious or political views. Rather, the antiwar viewpoints of the Austrians come from the fundamental tenets of economics as expressed by the school's founders and refined for 140 years. This article applies post-world war II Austrian thought to the subject of war.