Academic journal article Economics, Management and Financial Markets

An Austro-Libertarian Critique of Public Choice

Academic journal article Economics, Management and Financial Markets

An Austro-Libertarian Critique of Public Choice

Article excerpt

Public choice economics lies in the positive realm of economics, and DiLorenzo and Block use positive economics to poke holes in many popular public theories. These authors also criticize some of the normative views held by certain leading public choice economists. I dislike combining positive and normative in the title, but very much love the rest of the book. All public choice economists can profit by studying the perspective in this book.

Edward Stringham, Trinity College, Hartford

DiLorenzo and Block have rendered an invaluable service to scholars and students interested in Public Choice, Austrian Economics and Libertarianism. Their critical analysis of Public Choice from the Austrian perspective is timely and relevant to clarify important misconceptions about both schools of thought that although in some aspects are complementary in many others offer a significantly different and even opposite approach. This is a most welcome book that was very necessary and fills an important vacuum in the literature.

Jesús Huerta de Soto, King Juan Carlos University, Madrid

DiLorenzo and Block are among the most prolific and loved of modern Austrian economists. The success of their popular books and speeches is testament to their ability to communicate with the layperson, but in their latest work, DiLorenzo and Block remind us that they are true scholars. Some superficial observers lump all 'free market' schools together, but DiLorenzo and Block apply Austrian insights to level thoughtful critiques of the Public Choice approach. …

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