In recent years there has been a spectacular revival of interest in the economics of the Austrian school. This volume collects together a range of contributions which illustrate both the richness of the Austrian heritage, and the continuing vitality of the Austrian tradition. The volume begins with a keynote chapter by Israel Kirzner on the seminal question of subjectivism within Austrian economics. Subsequent contributions include: chapters on such major figures as Menger, Hayek and Schumpeter the Socialist calculation debate Austrian perspectives on key theoretical issues including Uncertainty and Business Cycle theory the policy implications of Austrian economics