For the serious student, this exposition of the essentials of Austrian economics is excellent. Taylor discusses all the fundamental aspects of Austrian thought, from subjectivism and marginal utility to inflation and the business cycle. This new and revised edition is widely influential among economics students.
For the newcomer, this work represents a concise introduction both to the historical setting of the Austrian School and to the ideas espoused by its members.
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This volume includes chapters on:
Austrian Economics, Freedom and Peace