A Great Revolution in Economics - Vienna 1871 and after

This book contains a comprehensive perspective on both older and modern Austrian economics. The first part especially describes the older Austrian School of Economics emphasizing both its subjective feature and its theoretical feature. Both features are extensively discussed from a non-Austrian perspective. The second part, in general, describes modern Austrian economics as an extension of Menger's older static subjectivism: a consequent dynamic subjectivism. In particular it examines the question of what the calculative and entrepreneurial consumer looks like in the market process. It also gives an extensive overview of the method of Austrian economics: praxeology