The Market as an Economic Process

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The book explores the current turmoil in economics, highlighting the limitations of the neoclassical framework that has prevailed for decades. It discusses the resurgence of the Austrian School of economics, emphasizing its subjectivist principles that challenge mainstream views. As traditional theories like Keynesianism and monetarism have faltered, the Austrian perspective gains traction, prompting renewed discussions on market dynamics and the predictability of economic events. The work advocates for a reevaluation of economic thought in light of these emerging insights.