Introduction : Vienna and Chicago, a tale of two schools -- Old and new Vienna : the rise, fall, and rebirth of the Austrian school -- The imperialistic Chicago school -- Methodenstreit : should a theory be empirically tested? -- Gold vs. fiat money : what is the ideal monetary standard? --...

This book deals with one of the most puzzling concepts in economic science, that of economic equilibrium. In modern economics, equilibrium is considered a key assumption, but its role is contested by economists both from within the mainstream and from rival schools of thought. What explains the...

Frontmatter -- Inhaltsverzeichnis -- 1. Einleitung -- 2. Ein Vergleich von Freiburger und Österreichischer Schule -- 3. Schumpeter - Unternehmertheorie und Konjunkturablauf sowie die Frage nach Kapitalismus, Sozialismus und Demokratie -- 4. Milton Friedman - Freiheit und das Wachstum der...

This edited collection provides a comprehensive overview of the principles and stakes at play in the dispute between liberalism and socialism. It explores the 21st century appeal of socialism, particularly to millennials and other relatively young citizens, and shows why modern classical...