This volume demonstrates how the Austrian challenge, and the debates it inspires, can continue to benefit contemporary developments in micro- and macroeconomic theory, and can offer insights into other schools of thought.

Notes on contributors, 1 Introduction: Austrian Economics in Debate, 2 Austrian Themes in a Reconstructed Macroeconomics, 3 Money, Economic Fluctuations, Expectations and Period analysis: The Austrian and Swedish Economists in the Interwar Period, 4 Schumpeter's Walrasian Stand in the Socialist Calculation Debate, 5 Misunderstandings and Other Coordination Failures in the Hayek-Keynes Controversy, 6 Critical Realism: Marx and Hayek, 7 Austrian Economics and the Abandonment of the Classic Thought Experiment, 8 The Theory of Entrepreneurship in Austrian Economics, 9 Entrepreneurship, Interdependency and Institutions: The Comparative Advantages of the Austrian and Post-Keynesian Styles of Thought, 10 Hayek and Rational Expectations, 11 On Austrian and Neo-Institutionalist Economics, 12 Private Information, Contractual Arrangements and Hayek's Knowledge Problem, Index