January, 1998

Austrian Economics in America

The Migration of a Tradition (Historical Perspectives on Modern Economics)
  • Karen I. Vaughn

    Emeritus Distinguished Senior Fellow, F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics
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This book examines the development of the ideas of the new Austrian school from its beginnings in Vienna in the 1870s to the present. It focuses primarily on showing how the coherent theme that emerges from the thought of Carl Menger, Ludwig von Mises, Friedrich Hayek, Ludwig Lachmann, Israel Kirzner and a variety of new younger Austrians is an examination of the implications of time and ignorance (or processes and knowledge) for economic theory.