Ivan Jankovic Knihy

Grounded in a philosophical method of logical deduction, this textbook explores economic theory through basic principles like scarcity and individual choice. It aims to demonstrate that complex economic phenomena, such as pricing and consumption, can be understood through fundamental psychological concepts. By distilling pre-1930s price theory, the authors argue for its superiority over contemporary mainstream theories, presenting the material in an accessible format for students. The approach is illustrated through relatable scenarios, enhancing comprehension of economic principles.

The book delves into the significant yet overlooked impact of the American and English "psychological" school on economic theory, particularly in enhancing the Austrian school. It highlights how key figures like Frank Knight and J.B. Clark advanced the original Austrian concepts by establishing a solid subjectivist basis for production and distribution theories. By focusing on subjective value and marginal utility, they effectively redefined interest, profit, wages, and rents, suggesting an alternative trajectory for mainstream economic thought had Mengerian principles been fully embraced.

This book presents the case that the origins of American liberty should not be sought in the constitutional-reformist feats of its statesmen during the 1780s, but rather in the political and social resistance to their efforts. číst celé