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Austrian Microeconomics

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Rcder posted on Wed, Aug 24 2011 10:07 AM

Is there any Austrian literature that addresses microeconomic topics in-depth, specifically the theory of the firm?  I remember Rothbard criticizing the neoclassical notion that the profit-maximizing output for a firm is where MR=MC (I believe his reason was that there isn't a uniform marginal cost curve and that it is based on the fallacious cost-of-production theory of value), but I've also heard that microeconomics is where Austrians and neoclassicals find the most common ground.

Thanks in advance for any and all help.

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Nielsio replied on Wed, Aug 24 2011 10:20 AM

Posted today:

 

The Division of Labor and the Firm: An Austrian Attempt at Explaining the Firm in the Market, by Per L. Bylund

http://mises.org/journals/qjae/pdf/qjae14_2_3.pdf

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Rcder replied on Wed, Aug 24 2011 11:10 AM

Neilsio,

Thanks for the article; I'll be sure to read it when I have the time.  Does the article in question address the profit-maximizing output level for a firm, and if not, do you know of any Austrian work that does?

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