This landmark book presents a critical study of the Austrian subjectivism of Menger and Mises and assesses their contribution in the light of contemporary philosophy of the human sciences. Allen Oakley lays emphasis on the subjectivism of Menger and Mises as the foundation of Austrian economics....

"The theory of interventionism of the Austrian School of Economics explains the successes and failures of the transformation processes in Central and Eastern European countries and offers a deep insight into contemporary economic phenomena. Three decades have passed since the collapse of...