This Handbook looks through the lens of the latest generation of scholars at the main propositions believed by so-called "Austrians". Each contributing author addresses key tenets of the school of thought, and outlines its ongoing contribution to economics and to the social sciences

James M. Buchanan received the 1986 Nobel Prize in economics for his work on public choice theory. Indeed, Buchanan was one of the first who proposed to use economics to analyze political and constitutional phenomena. But Buchanan was not only interested in public choice, constitutional...

The Economic Role of the State presents a comprehensive collection of seminal works from David Hume through to Barry Weingast. Including an original introduction, the volume covers the main theories and justifications for and against state intervention as they have developed over two centuries....

When considered as a unified project, the Ostroms' themes of polycentricity, self-governance, and the art and science of association have strong intellectual roots and connections with Austrian economics. In this paper, we show the close relationship between the Ostroms and the Austrians. We...

It is a great honor for me to have this opportunity to speak at this great institution of economic education and research, and on this occasion to honor F. A. Hayek – a scholar who I admire greatly as a man of keen intellect and courage. Hayek’s scholarly career spanned from the 1920s to the...

F. A. Hayek's significant intellectual contribution to a number of scholarly disciplines was grounded in his critique of socialist economics. This article sets out how Hayek's critique of classical and market socialism led to the development of his wide-ranging research programme in the social...