An Austrian Critique of Mainstream Economics

https://www.youtube-nocookie.com/embed/7aWrT7RkjDE?si=8LOUTVUsiJVgmbXW

Further reading:

Understanding Neoclassical Consumer Theory by Samuel Selikoff

Realism and Abstraction in Economics: Aristotle and Mises versus Friedman by Roderick T. Long

Toward a Reconstruction of Utility and Welfare Economics by Murray N. Rothbard (Chapter 17 in Economic Controversies)

Why Austrians Stress Ordinal Utility by Robert P. Murphy

Praxeological Economics and Mathematical Economics by Gene Callahan (Appendix B in Economics for Real People: An Introduction to the Austrian School)


The Austrian Theory of the Marginal Use and of Ordinal Marginal Utility by J. H. McCulloch

The Modern Theory of Consumer Behavior: Ordinal or Cardinal? by William Barnett II

Transitivity and the Money Pump by Walter Block & William Barnett II

Selected Literature on the “Income Effect”

Mathematics in Economics: An Austrian Methodological Critique by Robert Wutscher, Robert P. Murphy & Walter Block

Dimensions and Economics: Some Problems by William Barnett II


Rothbard on V Shaped Average and Total Cost Curves by William Barnett II & Walter Block

Perfect Competition: A Case of “Market-Failure” by William Barnett II, Walter Block & Michael Saliba

The Methodology of Profit Maximization: An Austrian Alternative by William L. Anderson & Ronald L. Ross

Economic Science and Neoclassicism by Jörg Guido Hülsmann

Austrian Theorizing: Recalling the Foundations by Walter Block


Is Research Based on Causal Scientific Principles Possible in the Social Sciences? by Hans-Hermann Hoppe (Chapter 10 in The Economics and Ethics of Private Property)

Modern Monetary Policy Evaluation and the Lucas Critique by Karl-Friedrich Israel

An Austrian Version of the Lucas Critique by Tobias Basse

Aggregate-Supply/Aggregate-Demand: A Sad Development in Macroeconomic Pedagogy by Roger W. Garrison