LEADER 04695nam 2200733 a 450 001 9910779813103321 005 20230607213040.0 010 $a1-134-80889-5 010 $a1-280-18489-2 010 $a0-203-00674-7 035 $a(CKB)111056485523874 035 $a(EBL)169598 035 $a(OCoLC)277851755 035 $a(SSID)ssj0000143775 035 $a(PQKBManifestationID)11164695 035 $a(PQKBTitleCode)TC0000143775 035 $a(PQKBWorkID)10120840 035 $a(PQKB)11318668 035 $aebr10017661 035 $a(MiAaPQ)EBC169598 035 $a(Au-PeEL)EBL169598 035 $a(CaPaEBR)ebr10070737 035 $a(CaONFJC)MIL18489 035 $a(OCoLC)1226773950 035 $a(FINmELB)ELB146111 035 $a(EXLCZ)99111056485523874 100 $a20050811e20021996 uy 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 14$aThe economics of time and ignorance$b[electronic resource] /$fGerald P. O'Driscoll, Jr. and Mario J. Rizzo ; with a contribution by Roger W. Garrison and a new introduction 205 $a2nd ed. 210 $aLondon ;$aNew York $cRoutledge$d2002 215 $a1 online resource (300 p.) 225 1 $aFoundations of the market economy 300 $aOriginally published: Oxford, UK ; New York, NY, USA : B. Blackwell, 1985. 311 $a1-138-15344-3 311 $a0-415-12120-5 320 $aIncludes bibliographical references (p. [237]-257) and index. 327 $aThe Economics of Time and Ignorance; Copyright; Contents; Acknowledgements; Introduction: Time and Ignorance After Ten Years; 1 An Overview of Subjectivist Economics; Time and Ignorance; The Importance of Time and Ignorance; Keynesianism and the Austrian Contributions; Overview of the Rest of the Book; Part I Framework; 2 Static versus Dynamic Subjectivism; The Questions; The Method of Subjectivism; Dimensions of Subjectivism; Relationship between Static and Dynamic Subjectivism; Concluding Remarks; 3 Knowledge and Decisions; Subjectivism as Content: Knowledge 327 $aSubjectivism as Weighing of Alternatives Conclusion; 4 The Dynamic Conception of Time; Newtonian Time; Real Time; Real Time, Planning, and Action; Economic Processes and Uncertainty; Newtonian and Real Time: The Interrelation; Conclusion; 5 Uncertainty in Equilibrium; Genuine Uncertainty; Genuine Uncertainty: Typicality and Uniqueness; Equilibrium; Equilibrium and Optimality; Part II Applications; 6 Competition and Discovery; Introduction; The Discovery of Opportunities; Knowledge and Competition; Process Theories and Normative Economies; Dynamic Equilibrium 327 $aRules versus Continuous Utility Maximization The Theory of the Firm; Appendix. Stochastic Equilibrium; 7 The Political Economy of Competition and Monopoly; Competition: Static and Dynamic; Uncertainty and Markets; Optimal Policy; Property Rights Theory of Monopoly; 8 A Subjectivist Theory of a Capital-using Economy; Introduction; The Development of Subjectivist Capital Theory: An Overview; The Mengerian Vision; The Structure of Production; The Rate of Interest in a Capital-using Economy; Variations in the Final Output of the Production Process; Time Preferences and the Structure of Production 327 $aSubjectivism Revisited9 The Microanalytics of Money; Introduction; Microanalysis of Money; The Origin of Money; Business Cycles; A Subjectivist Theory of Economic Fluctuations; Rational Expectations; Conclusion; 10 Some Unresolved Problems; Bibliography; Index 330 $aThe Economics of Time and Ignorance is one of the seminal works in modern Austrian economics. Its treatment of historical time and of uncertainty helped set the agenda for the remarkable revival of work in the Austrian tradition which has led to an ever wider interest in the once heretical ideas of Austrian economics. It is here reprinted with a substantial new introductory essay, outlining the major developments in the area since its original publication a decade ago. 410 0$aFoundations of the market economy series. 606 $aAustrian school of economics 606 $aTime and economic reactions 606 $aUncertainty 615 0$aAustrian school of economics. 615 0$aTime and economic reactions. 615 0$aUncertainty. 676 $a330.15/7 700 $aO'Driscoll$b Gerald P$0248858 701 $aRizzo$b Mario J$0145864 701 $aGarrison$b Roger W$0248859 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910779813103321 996 $aThe economics of time and ignorance$93680014 997 $aUNINA