Review Essay: The Economic Theory of Costs

The Quarterly Journal of Austrian Economics, Vol. 21(3): 287-306, 2018

20 Pages Posted: 12 Mar 2019

Date Written: September 1, 2018

Abstract

This collection of essays edited by Dr. Matthew McCaffrey deals with one of the most fundamental fields of economic research: The Economic Theory of Costs. Indeed, it is so fundamental because of its close connection to all other central areas of research in theoretical economics, such as the theory of choice, value, price, capital, production, risk, uncertainty, and entrepreneurship. All of these are covered in some way in the book.

Keywords: cost, opportunity cost, causal-realist economics

JEL Classification: B53, D24

Suggested Citation

Israel, Karl-Friedrich, Review Essay: The Economic Theory of Costs (September 1, 2018). The Quarterly Journal of Austrian Economics, Vol. 21(3): 287-306, 2018, Available at SSRN: https://ssrn.com/abstract=3338419 or http://dx.doi.org/10.2139/ssrn.3338419

Karl-Friedrich Israel (Contact Author)

Université catholique de l'Ouest ( email )

3 Place André Leroy
Angers, 49000
France

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