Read: Living Economics

Peter Boettke’s Living Economics is an excellent collection of essays on the history of (austrian) economic thought and thinkers together with some more general remarks on the teaching and practice of economics.

As Boettke often summarizes the contribution to economics of a scholar’s whole lifetime in only a few pages Living Economics requires (and deserves) the reader’s undivided attention. (I have to admit that – I hope it was just due to me having a cold – I had to reread a few passages to fully grasp them.) It is well worth it and the reader is likely to be rewarded. It is obvious how passionate Boettke is about his profession.

I like the distinction between mainline and mainstream economics which allows Boettke to show the connections of the Austrian school to other streams of economics that follow the same or closely related lines, pulling the different streams closer together.

Yet, I would have preferred a more monolithic book. As it is a collection of essays there are some repetitions and the transitions between chapters (i.e. the essays) was often quite abrupt. On the other hand, this allowed me to put the book aside after an essay more easily and ponder on what I had just learned.