One of the key works in the development of modern Austrian economics. It is reprinted in full with a substantial new introduction which outlines the major developments in the area since the book's original publication a decade ago.
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The Economics of Time and Ignorance is one of the seminal works in modern Austrian economics. Its treatment of real 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.
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.
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