February, 2021

The Marginal Revolutionaries

How Austrian Economists Fought the War of Ideas
  • Christopher Coyne

    Associate Director, F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics
Contact us
To speak with a scholar or learn more on this topic, visit our contact page.
Additional details

Read the full review here.

According to author Janek Wasserman, Marginal Revolutionaries is the first critical intellectual history of the Austrian school from its emergence to the present” (p. 5). Judged against this baseline, the book can be considered partially successful. Wasserman offers an interesting and nuanced history of the Austrian school of economics beginning in the late nineteenth century with the work of Carl Menger in Vienna. The latter part of the book, which focuses on the Austrian school's migration to America, suffers from some critical weaknesses.