“Another way the diffusion of knowledge is localized is through the development of ‘schools’ whose initial disciples learn at the master’s feet. The most prominent of these among the German emigrés was the Ludwig von Mises school, which, if success depended only upon the fervor of the subsequent disciples’ missionary efforts, might today be the leading brand of economics taught in American universities.” F. M. Scherer, “The Emigration of German-Speaking Economists after 1933,” Journal of Economic Literature 38 (September 2000), p. 619.
Scherer was being smug, of course. “Needless to say, more than fervor is required for success.” (See Scherer’s exchange with Dom Armentano in Critical Review, issues 5:4 and 6:1, for his views on Austrian economics.)
