Market process theory has its origins in the attempt to gain a richer understanding of how the invisible hand operates in coordinating the vast array of economic exchanges that occur on a daily basis. This is in stark contrast to general equilibrium theory, which seeks a price vector that allows...

This impressive volume centres on the relationship between Austrian and Swedish economics. With themes such as capital theory, expectations, policy, market theory and the history of economic thought, it makes for an interesting read

We examine social preferences of Swedish and Austrian children and adolescents using the experimental design of Charness and Rabin (2002). We find that difference aversion decreases while social-welfare preferences increase with age.