Austrian Economics Newsletter
Author:
Joseph T. Salerno
Online Publish Date:
of W.H. Hutt. SALERNO: Professor Hutt is most famous for his work on labor unions, which is great. But in response to Keynes, he developed a wonderful theory of How could it have survived so long? SALERNO: A good example is the Soviet Union, which instituted full-blown socialism for two years, from 1918 to 1920. It was In the absence of the Review , there would be some independent interest among European Hayekians. But debate would degenerate into speaking about Austrian