Today, the tradition of Austrian economics is enjoying a resurgence. Austrian economists are engaged in theoretical and applied research on a wide array of topics. What unifies this school of thought—what might be called its theme—is the methodological outlook of its members: subjectivism.
White concentrates on six authors who have been most notable for their use and defense of the subjectivist approach: Carl Menger, Friedrich von Wieser, Eugen von Böhm-Bawerk, Ludwig von Mises, Friedrich A. Hayek, and Ludwig Lachmann.
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White is a professor of economics at George Mason University in Fairfax, Virginia.
The municipal reform movement of the progressive era succeeded in establishing local government monopoly in the provision of urban services. Competitive markets in such services as fire-fighting, street lighting, refuse removal, transit, and even policing then gave way to municipal bureaus and departments.
