, Volume 7, Issue 1, pp 31-65

The theory of the firm: The Austrians as precursors and critics of contemporary theory

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Conclusion

In the above, I have taken the theme of Austrian economics and economic organization through several variations. I hope to have taken steps towards establishing that not only were the Austrians important precursors of the contemporary theory of economic organization, but they may also contribute to existing theory as well as provide their distinctive perspective on economic organization. Space limitations have dictated, however, that I have been able to only scratch the surface. Assuredly, there is much more to be done on all the three themes I have been discussing, particularly on the last, constructive one.

A number of excellent comments from Murray Rothbard and three anonymous referees is gratefully acknowledged. All remaining errors are the author's.