Quarterly Journal of Austrian Economics
The "Missing Element" in Modern Economics
Tags Business CyclesOther Schools of Thought
Quarterly Journal of Austrian Economics 18, no. 2 (Summer 2015)
Symposium: Is There A Missing Element in Economics?
My first introduction to Austrian Economics came when I borrowed the well-thumbed copy of Ludwig von Mises’s Human Action from my boss, then-Congressman Jack Kemp, for whom I worked as speechwriter and congressional staff economist before and during both presidential administrations of Ronald Reagan. While I have a high regard for what Austrian economics gets right that other economic schools do not, I consider myself a “Neo-Scholastic” economist, a term which I will try to explain.