The Economics of Time and Ignorance: With a New Introduction (Routledge Foundations of the Market Economy) - Softcover

Rizzo, Mario J; O'Driscoll Jnr, Gerald P

Softcover

ISBN 10: 0415121205 ISBN 13: 9780415121200

Publisher: Routledge, 1996

Synopsis

One of the key works in the development of modern Austrian economics. It is reprinted in full with a substantial new introduction which outlines the major developments in the area since the book's original publication a decade ago.

About this title

Review:

"This is a superb book. In terms of style, tone, and execution, it is flawless. It is a distinctly Austrian contribution. At the same time, it is an original, and indeed a very creative work. . .it strikes me that "The Economics of Time and Ignorance has all the makings of a classic."
-Bruce J. Caldwell, "Southern Economic Journal
"The title of this valuable work. . .comes from a remark of J. M. Keynes: The social object of skilled investment should be to defeat the dark forces of time and ignorance which envelop our future.' The moral of this work however is that time and ignorance are not so much dark forces to be defeated as unavoidable aspects of the human condition that must be lived with. . . The major task of the authors, which they have accomplished with considerable success is to integrate the Austrian, subjective approach to economic theory with that of its close relations in post-Keynesians and a few of those lone rebels against neo-classical orthodoxy."
-Kenneth Boulding, "American Journal of Sociology
..." O'Driscoll and Rizzo's book remains an Austrian classic ... [I]t still deserves to be read by serious academics across the political and economic spectrum."
-"Review of Radical Political Economics
"Perhaps now the Austrians will be allowed to help renovate economics."
-"The Times Literary Supplement

Synopsis:

The Economics of Time and Ignorance is one of the key works in the development of modern Austrian economics. Building on the work of Hayek, Lachmann and Shackle,its authors developed a powerful critique of neo-classical economics, in particular of its over deterministic models and its pretence of knowledge. The work is reprinted here in full and is supplemented by a substantial new introduction which outlines the major developments in the area since the book's original publication a decade ago.

About this edition

• Publisher: Routledge
• Publication date: 1996
• ISBN 10: 0415121205
• ISBN 13: 9780415121200
• Binding: Paperback
• Edition number: 2
• Number of pages: 300