This third volume in the series is divided into four parts. The first presents a symposium on models of socialism, the second presents current research, the third, review essays, and the fourth, book reviews.

Part 1 Symposium on models of socialism: after the fall - an introduction to the symposium on models of socialism, Peter J. Boettke and David L. Prychitko
the critique of workers' self-management - Austrian perspectives and economic theory, David L. Prychitko
the Austrians and self-management - a positive essay, Jaroslav Vanek
the monitoring problems for market socialist firms, N. Scott Arnold
money, money prices and the socialist calculation debate, Steven Horwitz
market process perspectives on post-communist economies, Laurence S. Moss. Part 2 Current research: the Coase theorem and strategic bargaining, Donald Boudreaux
time, change and complexity - Ludwig M. Lachmann's contributions to the theory of capital, Peter Lewin. Part 3 Review essays: Chinese reforms - a review essay, Susan L. Shirk
the political logic of economic reform in China, T. David Burns and Kate Xiao Zhou
signifying nothing - a review essay, Jospeh Stiglitz
whither socialism?, Steven Sullivan
truth seeking and rent-seeking - a review essay, Lars Magnusson
mercantilism - the shaping of an economic language, Gary M. Anderson
uniqueness, complementarity and tension - a review essay, Israel M. Kirzner
classics in Austrian economics, Mario J. Rizzo
post-Marshallian and Austrian economics, Nicolai J. Foss. Part 4 Book reviews: M. Dietrich, "Transaction Cost and Beyond", David Harper
Steven G. Medema, "Ronald H. Coase", Donald J. Boudreaux
Raimondo Cubeddu, "The Philosophy of the Austrian School", Roger Koppl
Peter J. Boettke, Editor, "The Elgar Companion to Austrian Economics", Theodore A. Burczak.