The 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.
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Gerald P. O'Driscoll Jr. was formerly a Senior Economist at the Federal Reserve Bank of Dallas. Mario J. Rizzo is Professor of Economics at New York University.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
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Descripción Blackwell Publishers, 1985. Hardcover. Estado de conservación: Good. 0631133437 Former library book, with all that implies. Moderate shelf wear. Covers and spine are lightly dirty. Loose binding. Library marks and stamps. Small stain on page III. Otherwise, pages clean, no markings. Nº de ref. de la librería SM0000012234
Descripción Blackwell Publishers, Oxford, 1985. Hardcover. Estado de conservación: Fine. Estado de la sobrecubierta: Fine. 1st Edition. 0631133437 pp x, 261. Prior owner bookplate to FPD and name to contents page. 1st printing. Light residual tape marks to end papers. Nº de ref. de la librería 027723
Descripción Blackwell Publishers, 1985. Estado de conservación: Good. First Edition. Ships from the UK. Former Library book. Shows some signs of wear, and may have some markings on the inside. Nº de ref. de la librería GRP21734967
Descripción Blackwell Publishers, 1985. Hardcover. Estado de conservación: Very Good. Great condition with minimal wear, aging, or shelf wear. Nº de ref. de la librería P020631133437