The Neglect of the French Liberal School in Anglo-American Economics: A Critique of Received Explanations
Joseph T.
The Austrian Economists and the Late Hapsburg Viennese Milieu
Arthur M. Diamond, Jr.
Ludwig von Mises observed, “It is customary to trace the influence that the milieu exerted upon the achievements of genius” (1969, p. 9). He goes on to suggest that, whatever the general merit of the custom, it is unsound when applied to the great thinkers of Austria.
Hayek’s “The Trend of Economic Thinking”
Bruce J. Caldwell
On March 1, 1933, Friedrich A. von Hayek delivered an inaugural lecture at the London School of Economics. The lecture was published two months later in Economica under the title “The Trend of Economic Thinking.” In the paper, Hayek despairs over the direction of current “public opinion,” which favored increasing state intervention in the economy.
Timberlake on the Austrian Theory of Money: A Comment
Murray N.
Reply to Comment by Murray N. Rothbard
Richard H.
On Yeager’s “Why Subjectivism?”
Walter Block
Ordinarily, composing a critique of a published journal article presents no unusual difficulties: one simply takes aim and lets fly. But the case is somewhat different when the writer is also coeditor of the journal in question.
Reply to Comment by Walter Block
Leland B. Yeager
I thank Dr. Block for praising most of my article and attacking only certain points. I need not reply to all his criticisms: the reader can recognize their nature and see how he and I differ without my dragging the discussion out to tedious length. I shall give only a few examples of my reaction.
Monetary Policy
Mark Skousen
The economic boom accompanying World War II is, as Gene Smiley notes, frequently used by Keynesian economists to demonstrate that high federal deficit spending is a cure for a depression.1 In support of this thesis, Ross M. Robertson declares:
The Myth of Free Banking in Scotland
Murray N. Rothbard
“Free Banking” in Scotland
Professor White’s Free Banking in Britain has already had a substantial impact on the economics profession.
White’s Free-Banking Thesis A Case of Mistaken Identity
Larry J. Sechrest
Lawrence H. White’s fascinating work entitled Tree Banking in Britain: Theory, Experience, and Debate, 1800–1845 has had a not inconsiderable impact upon monetary economists. Everyone seems now to be, at the very least, aware of the issues relevant to the free banking versus central banking controversy. (Of course, White is not alone in his endeavors.
