ИПИ Библиотека

The Economics of Time and Ignorance is one of the seminal works in modern Austrian economics. Its treatment of historical time and of uncertainty helped set the agenda for the remarkable revival of work in the Austrian tradition which has led to an ever wider interest in the once heretical ideas of Austrian economics. It is here reprinted with a substantial new introductory essay, outlining the major developments in the area since its original publication a decade ago.
***
A comprehensive overview of cognitive processes in animals focusing on experimental research with a diverse range of animals including bees, dogs, dolphins, mice, monkeys and Japanese macaques. Vauclair (Research Director, Laboratory for Cognitive Neuroscience, National Center for Scientific Research, France) presents novel discussions of animal cognitive development using Piagetian concepts, and reviews specific types of cognition exhibited in studies observing tool use and spatial representations, social relations and behaviors, communication, language, imitations, and self-recognition in animals. Throughout, the author argues that researchers should be less concerned with evolutionary or ecological explanations for cognition differences between species, and more concerned with the work required to increase general understanding.

This is a superb book. In terms of style, tone, and execution, it is flawless. It is a distinctly Austrian contribution. At the same time, it is an original, and indeed a very creative work. . .it strikes me that The Economics of Time and Ignorance has all the makings of a classic.
–Bruce J. Caldwell, Southern Economic Journal

The title of this valuable work. . .comes from a remark of J. M. Keynes: `The social object of skilled investment should be to defeat the dark forces of time and ignorance which envelop our future.' The moral of this work however is that time and ignorance are not so much dark forces to be defeated as unavoidable aspects of the human condition that must be lived with. . . The major task of the authors, which they have accomplished with considerable success is to integrate the Austrian, subjective approach to economic theory with that of its close relations in post-Keynesians and a few of those lone rebels against neo-classical orthodoxy.
–Kenneth Boulding, American Journal of Sociology

... O'Driscoll and Rizzo's book remains an Austrian classic ... [I]t still deserves to be read by serious academics across the political and economic spectrum.
–Review of Radical Political Economics

Perhaps now the Austrians will be allowed to help renovate economics.
–The Times Literary Supplement

Gerald P. O`Driscoll Jr.

Gerald P. O'Driscoll Jr.  is a senior fellow at the Cato Institute. He is a widely quoted expert on international monetary and financial issues. Previously the director of the Center for International Trade and Economics at the Heritage Foundation, O’Driscoll was senior editor of the annual Index of Economic Freedom, co-published by Heritage and The Wall Street Journal. He has also served as vice president and director of policy analysis at Citigroup. Before that, he was vice president and economic advisor at the Federal Reserve Bank of Dallas. He also served as staff director of the Congessionally mandated Meltzer Commission on international financial institutions. O’Driscoll has taught at UCSB, Iowa State University and New York University. He is widely published in leading publications, including The Wall Street Journal. He appears frequently on national radio and television, including Fox Business News, CNBC and Bloomberg. He is a director of the Association of Private Enterprise Education. O’Driscoll holds a B.A. in economics from Fordham University, and an M.A. and Ph.D in economics from UCLA.

Mario J. Rizzo

Dr. Mario J. Rizzo is associate professor of economics and co-director of the Austrian Economics Program at New York University. He received his BA from Fordham University, and his MA and PhD from the University of Chicago. He was also a fellow in law and economics at the University of Chicago and at Yale University. He currently lectures for the Institute for Humane Studies and is an adjunct scholar of the Cato Institute.

Professor Rizzo's major fields of research has been law-and economics and ethics-and economics, as well as Austrian economics. He has been the director of at least fifteen major research conferences, the proceedings of which have often been published. He is the author of many articles in law journals as well as in more traditional economic outlets. One of his major research conferences, the proceedings of which have often been published. He is the author of many articles in law journals as well as in more traditional economic outlets. One of his major works is The Economics of Time and Ignorance (coauthored with Gerald O'Driscoll), originally published in 1985 and to be reissued in 1996. When it first appeared the Southern Economic Journal said that it had "all the makings of a classic." Last year Professor Rizzo coedited a collection of articles, Profits and Morality, which provided innovative defenses of the morality of profit-making, published by the University of Chicago Press. Professor Rizzo has edited what is now an extensive series of Austrian books called "The Foundations of the Market Economy" published by Routledge in London and New York. He is also a series editor of the research annual, Advances in Austrian Economics, as well as a coeditor of a series, "The Political Economy of the Austrian School", published by NYU Press.