Austrian vs. Mainstream Economics

https://www.youtube-nocookie.com/embed/WsMbzsmOHAM?si=k3WTtwBaMDaMYYQd

Further reading:

The Austrian School: Market Order and Entrepreneurial Creativity by Jesús Huerta de Soto

General Equilibrium or Market Process: Neoclassical and Austrian Theories of Economics edited by Alfred Bosch, Peter Koslowski & Reinhold Veit

Austrian and Neoclassical Economics: Any Gains from Trade? by Sherwin Rosen

Austrian Economics, Neoclassicism, and the Market Test by Leland B. Yeager


Critiques of Austrian economics:

On Austrian Methodology by Robert Nozick

Why I Am Not an Austrian Economist by Bryan Caplan

The Austrian Search for Realistic Foundations by Bryan Caplan

Probability, Common Sense, and Realism: A Reply to Hülsmann and Block by Bryan Caplan

Probability and the Synthetic A Priori: A Reply to Block by Bryan Caplan

Critique of a Version of Austrian Economics by David D. Friedman


General Austrian responses:

On Robert Nozick’s ‘On Austrian Methodology’ by Walter Block

Robert Nozick on Austrian Economics by David Gordon

Austrian Theorizing: Recalling the Foundations by Walter Block

Economic Science and Neoclassicism by Jörg Guido Hülsmann


Utility, Indifference, and Consumer theory:

Understanding Neoclassical Consumer Theory by Samuel Selikoff

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

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

An Austrian Proof of the Quasi-Concavity of Preferences: The Case of Two Independent Goods by J. H. McCulloch & Jeffrey D. Smith

On the History of Ordinal Utility Theory: 1900-1932 by Jack High & Howard Bloch

A Note on Nozick’s Problem by Marek Hudík

Choice and Indifference: A Critique of the Strict Preference Approach by Ben O'Neill

The Income Effect in Austrian Price Theory


Producer theory:

Perfect Competition and the Transformation of Economics by Frank Machovec

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

From Marshallian Partial Equilibrium to Austrian General Equilibrium: The Evolution of Rothbard’s Production Theory by Patrick Newman (Chapter 3 in The Economic Theory of Costs)


Macroeconomics and Econometrics:

Rational expectations critique of ABCT

The Austrian Theory of the Business Cycle in the Light of Modern Macroeconomics by Roger W. Garrison

New Classical and Old Austrian Economics: Equilibrium Business Cycle Theory in Perspective by Roger W. Garrison

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

Hayek and Contemporary Macroeconomics by Lawrence H. White

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

A model of Austrian economics by Hendrik Hagedorn


Method:

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

Realism: Austrian vs. Neoclassical Economics, Reply to Caplan by Walter Block

Bayesianism and Austrian Apriorism by Frank van Dun

Rejoinder to Caplan on Bayesian Economics by Walter Block

Reply to Caplan on Austrian Economic Methodology by Walter Block

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