This volume considers what the future might hold for the Austrian tradition of economics. This includes the areas that seem most promising for new research. Instead of criticizing other positions from the standpoint of Austrian analysis, the book turns a critical eye on the Austrian program...

In the first section five criticisms of methodological work are presented and analyzed. It is argued that, though many of the objections contain elements of truth, the study of methodology is still a worthwhile activity. In the next section three alternative approaches to the practice of...