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
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: Suggested Citation