Quarterly Journal of Austrian Economics
Review of The Hayek-Keynes Debate: Lessons for Current Business Cycle Research, by John P. Cochran and Fred R. Glahe
Volume 3, No. 2 (Summer 2000)
The book brings together sources that to some Austrians may appear hardly compatible, if not inconsistent. Insiders know that there are some significant differences between the views of, say, Mises, Hayek, and Lachman,even with respect to method and methodology. However, the book integrates these different Austrian sources into a relatively coherent picture. The fact that the authors do not want to enter in any depth into issues presently underdebate within the “Austrian” School itself may be explained by the fact that they intend to address their book to the economics profession at large rather than to the inner circle of convinced Austrians. The drawback of this strategy is that the reader will not find in the book answers relating to questions that have been intensely debated recently within Austrian economics itself.
Cite This Article
Hauwe, Ludwig Van den. The Hayek-Keynes Debate: Lessons for Current Business Cycle Research By John P. Cochran and Fred R. Glahe. The Quarterly Journal of Austrian Economics 2, No. 5 (Summer 2000): 63–79.