Economics Questions

Re: Austrian Microeconomics

Rcder — Wed, 24 Aug 2011 17:10:21 GMT

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?

Re: Austrian Microeconomics

Nielsio — Wed, 24 Aug 2011 16:20:25 GMT

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

Austrian Microeconomics

Rcder — Wed, 24 Aug 2011 16:07:09 GMT

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.