Living Economics Yesterday, Today, and

Economics is not merely a game to be played by clever professionals, but a discipline that touches upon the most pressing practical issues at any historical juncture. The wealth and poverty of nations is at stake; the length and quality of life turns on the economic conditions individuals find themselves living within. A great supplemental text for the teaching of economics, this book offers a clear perspective and a passion for a deeper understanding of the subject. Touching upon a variety of subjectsincluding market socialism, political economy, and economics educationthis reference contains the wisdom of an expert in the field.

Peter J. Boettke is a research fellow at The Independent Institute, a professor of economics at George Mason University, and the editor of the Review of Austrian Economics. He is also the recipient of the Golden Dozen Award for Excellence in Teaching from the College of Arts and Sciences at New York University and the author of several books, including Calculation and Coordination: Essays on Socialism and Transitional Political Economy; The Political Economy of Soviet Socialism: The Formative Years, 1918-1928; and Why Perestroika Failed: The Economics and Politics of Socialism Transformation. He lives in Fairfax, Virginia.

Preface	p. xv
Economics for Yesterday, Today, and Tomorrow	p. 1
On Teaching Economics
On the Tasks of Economics Education	p. 17
On Teaching Graduate Students in Austrian Economics	p. 33
Teaching Economics, Appreciating Spontaneous Order, and Economics as a Public Science	p. 42
On Teachers of Economics
Relevance as a Virtue: Hans Sennholz	p. 69
The Forgotten Contribution: Murray Rothbard on Socialism in Theory and in Practice	p. 76
Mr. Boulding and the Austrians	p. 97
Putting the "Political" Back into Political Economy: Warren Samuels	p. 109
Maximizing Behavior and Market Forces: Gordon Tullock	p. 127
Methodological Individualism, Spontaneous Order, and the Research Program of the Workshop in Political Theory and Policy Analysis: Vincent and Elinor Ostrom	p. 139
Is the Only Form of "Reasonable Regulation" Self-Regulation?	p. 159
The Matter of Methodology	p. 172
Invitation to Political Economy: Peter Berger and the Comedic Drama of Political, Economic, and Social Life	p. 175
Was Mises Right?	p. 192
The Genius of Mises and the Brilliance of Kirzner	p. 213
Hayek and Market Socialism: Science, Ideology, and Public Policy	p. 226
James M. Buchanan and the Rebirth of Political Economy	p. 241
On the Practice of Economics
Where Did Economics Go Wrong? Modern Economics as a Flight from Reality	p. 265
Man as Machine	p. 316
The Limits of Economic Expertise	p. 330
High Priests and Lowly Philosophers	p. 361
Conclusion
A Few Critical Paragraphs That Should Shape What We Teach, and Why We Teach, Economics: Smith, Mises, and Hayek	p. 383
Bibliography	p. 389
Acknowledgements	p. 413
Index	p. 417
About the Author	p. 435
Table of Contents provided by Ingram. All Rights Reserved.

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Living Economics Yesterday, Today, and Tomorrow

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