Murray N. Rothbard The Making of an Austrian Economist
Index
INDEX
Compiled by Roger E. Bissell
Abbott, Lawrence, 153
action axiom, 2, 15, 38–39, 45–46, 52, 93. See also assumptions of economic theory; deductive method; human action; praxeology
human existence, 38, 40, 53, 143
Alchian, Armen A., 142, 148, 152
Allen, Clark Lee, 138, 141
American Economic Association, 9
assumptions of economic theory, 2, 31, 38–42, 45–47, 55, 93, 95, 140. See also action axiom; deductive method; praxeology
Aristotelian, 40
Kantian, 40
Austrian-libertarian tradition, 71–73, 104, 109
Austrian School, 2–3, 23–24, 28, 53, 70–72, 109, 133, 138, 153, 161
economics, 3–7, 22–25, 29–31, 41, 70, 73, 78, 97, 100, 104, 115, 121, 126, 128, 133, 138, 141, 143, 150, 169
economists and institutions, 2–4, 6, 28, 42, 47, 51, 56, 94, 112, 115, 135, 141, 145, 149–52, 155, 160–61
vs. neoclassical, 28–29, 76, 82–83, 99, 152
Austrian business cycle theory (ABCT). See under business cycle theory
Babushkin, Raya, 7. See also David Rothbard
Bach, George Leland, 30
Bacon, Francis, 11. See also Institutionalist School
banking theory, 9. See also business cycle theory; deflation; inflation; monetary theory
fractional-reserve, 37, 124, 129, 150
Bauer, P. T., 157
Baumol, William J., 103
Baxter, W. T., 127–28
Beckhart, Benjamin H., 9, 32
Bergson, Abram, 90, 93
Bernardelli, Harro E., 47–49
Böhm-Bawerk, Eugen von, 71, 79, 100, 155. See also Böhm-Bawerkian economics; capital theory; capitalist-entrepreneur
capital theory, 2, 23, 80–81, 84, 87, 145, 168
capitalist-entrepreneur, 74, 89–90
interest theory, 80–82, 168
Marshall, 23, 74–75
Marx, 153
Mises, 24, 52, 56–57, 74, 80
monetary theory, 56–57
price theory, 52–53, 64
Stigler, 70
Böhm-Bawerkian economics, 5, 63. See also Böhm-Bawerk; capital theory; capitalist-entrepreneur
capitalist-entrepreneur, 63, 77, 98
general equilibrium, 75, 113, 164
interest theory, 63, 98–99
Bowman, Mary Jean, 30
Brown, Harry Gunnison, 113
Brunner, Karl, 147–48
Buchanan, James M., 138, 141, 150
Burns, Arthur F., 8–11, 14, 17–18, 97, 139, 154
Council of Economic Advisers, 134
critiques of orthodox theory, 10, 17–19, 97–98, 134
Dorfman, 21, 31, 134
business cycle theory, 118, 120, 124, 153. See also deflation; inflation
Austrian business cycle theory (ABCT), 101, 117–18, 122–23, 125, 129, 148–49, 169
Chicago School, 119–20, 149–50
Currency School, 120–21
endogenous theories, 118–21, 124, 129
exogenous theories, 65, 67, 74, 116, 118, 120–26
Hayek vs. Keynes, 23–24, 122–23, 126, 153
Institutionalist, 118–20
Cambridge University, 17
capitalist-entrepreneur, 5, 63, 74–75, 77–80, 85–87, 89–91, 93, 95, 98–99, 107–108, 111–13, 116, 127, 143–44, 168. See also Böhm-Bawerkian economics
capital theory,
Austrian, 84, 128, 168
Böhm-Bawerk, 23, 80, 98
Fetter, 30–31
Hayek, 3, 24
Kirzner, 145
Chamberlin, Edward H., 16, 64, 97. See also under competition and monopoly theory
Chicago School, 4, 6, 70, 84, 92, 119–20, 128–29, 133, 138–41, 145–51. See also Friedman; Marshallian economics; Stigler
modern, 10, 23–24, 41, 70
William Volker Fund, 22, 41, 140–42, 150
Chodorov, Frank, 17–19, 39
Clark, John Maurice, 9, 16, 153
Coase, R. H., 92
Colberg, Marshall R., 138, 141
Columbia University, 5, 7–8, 16, 19, 24, 28, 134, 138, 157, 164
Rothbard, 2, 5, 7–12, 17, 21, 25, 28–29, 62, 64, 70, 90, 100, 118, 159–60, 164
competition and monopoly theory, 10, 142, 157, 168
consumer sovereignty, 94
dynamic process, 97–99, 153
Marshall, 96
monopolistic competition revolution, 16, 64, 96
monopolistic or imperfect, 10, 16, 94, 96–98
older neoclassical, 63–64, 94–95, 99
perfect, 96–99, 144
consumer theory, 5. See also production theory; supply and demand; utility theory
demand, 49, 52–54, 58–59, 62
functions, 17–19, 146–47
time preference, 13, 68–69, 81, 83, 86, 89, 98, 116–17, 121, 123–24, 127–28, 154
welfare economics, 35–37
Cornell University, 158
Cornuelle, Herbert C., 25, 30, 71, 151
Cornuelle, Richard C., 71–73, 112, 135–36
cost curves. See competition and monopoly theory; Marshallian economics
Council of Economic Advisers, 134
Currency School. See under business cycle theory; market equilibrium theory
Davidson, Eugene, 25
deductive method, 11–12, 14, 46, 72. See also action axiom; assumptions of economic theory; economic laws; praxeology
deflation, credit contraction. See also business cycle theory; inflation; monetary policy
Great Depression, 149–50
necessary process, 101, 126–29
praxeological category, 125
demand curves. See consumer theory; supply and demand
Dorfman, Joseph, 9–10, 134
Burns, 21, 31, 134
Institutionalist, 19–21
Dorfman, Robert, 152
Earhart Foundation, 4, 23, 136
econometrics, 43–44, 152. See also mathematical models; neoclassical synthesis; positivism
economic calculation, 13, 25, 56–57, 63, 87, 90, 93, 99, 101–103, 115–17, 124, 131
economic laws, 12, 38, 42, 45, 57, 76, 92, 97. See also deductive method; praxeology; price theory
law of consumer action in a market economy, 59
law of costs, 74, 79. See also Böhm-Bawerkian economics; revenues and costs
law of demand, 54, 58. See also supply and demand; consumer theory
law of incidence, 113. See also taxation
law of interrelation of consumers’ goods, 59
law of investment decision, 69, 78. See also Böhm-Bawerkian economics; capitalist-entrepreneur
law of marginal utility, 27, 45–46, 48–49, 52–53, 58, 62. See also means-ends relationship; utility theory
law of price formation, 56
law of returns, 41
law of total utility, 48–49, 62. See also means-ends relationship; utility theory
Eisenhower, Dwight D., 134
equilibrium theory. See market equilibrium theory
evenly rotating economy (ERE). See under market equilibrium theory
Facey, Edward C., 78
Federal Reserve System, 8–9, 147, 149. See also banking theory; business cycle theory; inflation; monetary policy
Fetter, Frank A., 30, 53, 63, 67, 71, 80–82, 85, 87–88, 99, 123, 155. See also capital theory; interest theory
firm, theory of. See competition and monopoly theory; Marshallian economics
Fisher, Irving, 9–10, 32, 34–35, 82, 119, 133, 139, 146–47. See also business cycle theory; Chicago School; Friedman; interest theory; monetary theory
Foundation for Economic Education (FEE), 5, 7, 22, 24–25, 37, 73, 135–37, 154, 158, 161
Friedman, Milton, 6, 8, 10, 22, 136, 138, 149–50, 153. See also Chicago School; Fisher; Knight; monetary theory; Stigler
monetary theory, 119, 133, 146–50, 153
positivism, 14, 139–41
general equilibrium theory. See market equilibrium theory; Walras; Walrasian economics
Gilbert, Geoffrey, 93
Goodrich, Carter, 134
Gordon, David, 166
government expenditures, 101, 113–15, 154
grant of monopolistic privilege, 68, 110–11, 192
Greaves, Bettina Bien, 146, 166–67
Haberler, Gottfried, 122
Hamilton, Earl J., 50, 104
Harper, F. A., 158–59, 162. See also Institute for Humane Studies (IHS)
Harvard University, 5, 8
Hazlitt, Henry, 153, 162
Hayek, F. A., 4, 155, 162, 168
business cycle, 5–6, 23, 101, 118, 122–24, 126, 153, 169
capital theory, 3, 24, 63, 80–81, 84–85, 87, 122
Chicago School, 24, 140
competition, 95, 97, 153
economic calculation, 91
interest theory, 3, 123
Mises, 64, 123
political economy, 72
Heiple III, Rae C., 154
Henry Regnery Company, 23
Hicks, John R., 8, 29, 46, 50–51, 106
Hill, Lewis E., 161
Hoff, Trygve J. B., 51, 91
Hotelling, Harold, 9
human action, 1, 38, 40, 46, 53, 76, 93, 143, 147. See also action axiom; means-ends relationship; praxeolog
Hutchison, Terence, 41–42
Hutt, William H., 94
income, 17–19, 44, 56, 86, 102, 110, 114, 124, 148
aggregate, 17–18, 117
capitalist-entrepreneurial, 87, 89–91
compulsory, 108
distribution, 110
factor, 63, 65, 79, 85, 89, 99, 114, 128
interest, 89
land and labor, 113
marginal, 69
monetary, 15, 83, 86, 94
monopoly privilege, 112
net, 68–69, 89, 94
psychic, 15
real, 32, 148
social, 83
indifference curves. See under utility theory
inflation, credit expansion, 109. See also business cycle theory; deflation; monetary policy
business cycle, 121, 125–27, 149
exogenous, 117–18, 125
Friedman, 148–49
Hayek, 153
Keynesians, 119
praxeological category, 125
Institute for Humane Studies (IHS), 159–60, 162. See also Harper
Institutionalist School, institutionalism, 5, 11–14, 19–21, 28, 38, 40, 118–19, 164. See also Burns; Dorfman; Mitchell
Baconian, 11
business cycle, 118–19
favors empirical analysis, 11–13, 19–21
positivism, 14
Rothbard’s dissertation, 10, 19–22
interest theory. See also capital theory
Böhm-Bawerk, 80–82
classical, 88
Fetter-Mises, 3, 63, 80, 85, 87, 121, 123
Friedman, 148–49
Fisher, 82–83
Hayek, 81
monetary policy, 120, 149
neoclassical, 82–83, 123
Rothbard, 56, 93
capitalist-entrepreneur, 68–69, 77–79, 89, 91, 112–13, 144
structure of production, 63, 85–87, 98–99, 124, 128, 168
time preference, 63, 68–69, 77, 80–83, 95, 123, 168
interventionism theory, theory of government policy, 2, 5, 31, 53, 56, 91, 100, 102
British utilitarians vs. French optimist school, 104–105
consequences, 108, 110. See also welfare economics
general-equilibrium approach, 101
government, 102, 104
integrates business cycle theory, 101, 124
Mises and Rothbard, 5, 101, 103, 109–10, 112, 115, 122–24, 129–30, 168
neoclassical, 109
typology, 102, 109, 156
autistic intervention, 109–110
binary intervention, 109–110, 112–17. See also business cycle theory; government expenditures; inflation; taxation
triangular intervention, 110–12. See also grant of monopoly privilege; price controls
Jevons, William Stanley, 15–16, 37, 46, 56
Kaldor, Nicholas, 106
Kauder, Emil, 47–48
Kessel, Reuben A., 142, 148, 153
Keynes, John Maynard, 16, 23, 153, 155. See also Keynesian economics
Hayek, 23, 122, 140
Marshall, 16–18
Keynesian economics, 7, 9. See also Keynes
aggregative, 17–19, 21, 115
liquidity preference, 149
Marshallian foundations, 10, 15, 16–19, 164
neoclassical synthesis, 10, 115, 117, 119, 155
policy, 119–20, 128–29, 153
quantitative, 147
revolution, 8, 22, 122–23, 126
Kirzner, Israel M., 3, 6, 24, 49, 136–37, 155
production theory, 133, 142–46
Knight, Frank H., 72, 119, 139–41
capital theory, 84–85
method, 139–41
Kuznets, Simon, 117
Lachmann, Ludwig M., 3, 6
Rothbard, 42, 51, 88, 137, 142, 151–52, 157
Leontief, Wassily, 44
libertarianism, 17, 22–23, 25, 31, 71–73, 103–104, 109, 130, 133, 135, 158–61. See also Austrian-libertarian tradition
conservatives and libertarians, 17, 22, 25, 135–36, 155–56, 160–161, 163
Locke, John, 40
London School of Economics, 23, 122
Luhnow, Harold W., 22–23, 131, 134, 159–60. See also William Volker Fund
Machlup, Fritz, 122, 161
positivism, 41–42
theory of the firm, 69–70
marginalist revolution, 15–16, 105
market equilibrium theory. See also supply and demand
Austrian general equilibrium theory, 5, 63, 75–76, 80, 85, 87, 91, 93, 98, 110–11, 113–14, 148, 164, 168
Currency School, 120
credit contraction, 126–128
equilibrating, equilibration, 5, 27, 32–33, 52, 54–55, 58, 60, 66, 76–77, 86
evenly rotating economy (ERE), 75, 82, 85, 88, 164
final state of rest, 75
Hayek, 153
market quickly clears, 55–56
monetary changes, 33–36, 60–61
mathematical models, 8, 16, 23, 43–45, 47, 76, 80, 90, 147, 152, 164. See also econometrics; neoclassical synthesis; positivism
Marshallian economics, 5, 7, 9, 94, 164. See also competition and monopoly theory; Marshallian economics
firm, theory of, 10, 15–16, 63, 69–71, 75–76, 78–79, 97, 143
partial-equilibrium, 5, 8, 17, 18–19, 63, 96, 139
price theory, 10, 18, 21, 139
production theory, 6, 64–67, 77, 100, 133, 143
taxation, 112–14
welfare economics, 105
Marshall, Alfred, 15–16, 29, 76, 164. See also competition and monopoly theory; Marshall
Böhm-Bawerk, 23, 74–75
competition, 96
Keynes, 16–18
long run, 76, 166
Mises, 166
rent theory, 88
utility theory, 46
Marx, Karl, 153
McCulloch, J. R., 31
McKinley, Gordon W., 154
means-ends relationship, 27, 46–47, 49, 52, 54, 142. See also human action; utility theory
Menger, Carl, 4, 15, 53, 56, 67, 155
Meyer, Frank S., 155–56, 162
Mill, John Stuart, 13, 41
Mints, Lloyd, 119
Mises-Hayek theory of the business cycle. See under business cycle theory
Mises, Ludwig von. See also Austrian economics
Böhm-Bawerk, 24, 52, 56, 74, 80
business cycle theory, 101, 118, 121–26, 148, 169
capital theory, 80, 84, 87
Columbia faculty, 25, 134
economic calculation, 25, 63, 88, 90–93, 99, 115
evenly rotating economy, 75
Festschrift, 50, 106
Friedman, 146–47
Human Action, 1–2, 5, 25, 27–30, 32–33, 38–39, 45, 51–52, 54, 62, 64, 71, 73, 81, 88, 93, 103, 124–26, 155, 160, 162–65, 167–68
interest theory, 3, 63, 77, 80–81, 85, 87, 121, 123, 126–28
interventionism, 5, 109–12, 129–30
monetary theory, 27, 30–38, 60, 106, 125–27
New York University (NYU), NYU seminar, 23–25, 29, 34–35, 37–40, 43–44, 49, 56–57, 71, 91, 96, 104, 142, 146, 160–61, 166–67
political economy, 3, 72, 103, 130, 167
praxeology, 1–2, 4, 23, 25, 28, 31–32, 39–41, 45, 62, 95, 142, 165
price theory, 27, 38, 45, 52, 64, 168
production theory, 2, 5, 62–64, 67, 70–71, 88, 94–95, 100, 168
Rothbard, 133, 155, 169
comments on Rothbard’s work, 1–2, 4, 6, 30, 34–35, 37, 40, 42, 49, 51, 93, 96, 125, 136–37, 160, 163–68
correspondence with Rothbard, 5, 25, 27–28, 37–38, 40, 42, 162
The Theory of Money and Credit, 31, 33, 37
Theory and History, 157
utility theory, 45–52, 54, 56–58, 168
Mises, Margit von, 166
Mitchell, Wesley Clair, 11, 20, 118. See also Institutionalist School. See also under business cycle theory
monetary policy, 37–38, 120, 126, 128–29, 149–50, 153. See also deflation; Federal Reserve System; inflation
monetary theory, 31–38. See also business cycle theory; deflation; inflation
Austrian, 27, 31–38, 57–62, 148, 154–55
Chicago School, 6, 133, 146–52
Fisherian, 10, 32–35, 133, 139
neoclassical, 9, 29
monopoly theory. See competition and monopoly theory
Mont Pelerin Society, 23
Myrdal, Gunner, 40, 43
Nagel, Ernest, 12–15, 40. See also positivism
National Book Foundation, 135
National Bureau of Economic Research, 11, 14, 44, 118. See also Mitchell
neoclassical economics, 2–5, 7, 12, 22, 28, 30, 62, 100. See also Marshallian economics; Walrasian economics
interest theory, 83,
intervention and policy, 109, 120
method, 12–14, 76
monetary and business cycle theory, 9, 29, 32
price theory, 15–16, 29, 60
production theory, 6, 16, 17–18, 29, 63–64, 68, 71, 79, 94, 98–99, 143, 152
socialist calculation, 90
utility theory, 46–47, 54, 105–06
welfare theory, 103, 105–06
neoclassical synthesis, 4, 8, 10, 11, 16, 21, 23–24, 27, 29, 46–47, 99, 104. See also Hicks; Keynesian economics; Marshallian economics; neoclassical economics; Samuelson; Stigler; Walrasian economics
New Individualist Review, 163, 165
New York University (NYU), 23–25, 29, 34, 40, 71, 78, 135, 142, 146, 160, 166
Nurkse, Ragnar, 9
Penrose, Edith, 70
Pigou, Arthur C., 105
positivism, positivist method, 5–7, 12–14, 21, 23, 28, 38, 40–42, 139–41, 147, 164. See also Chicago School; Friedman; Knight
Chicago School, 139–41, 147
institutionalism, 11–15, 21, 40
Machlup, 41–42
Mill, 13
praxeology, 1–2, 4–5, 52, 63, 99–100, 115, 117, 125, 129, 131, 142, 151, 162, 164–65, 169. See also Austrian School; Mises
method, 6, 14–15, 23, 27–32, 38–40, 42–43, 45–46, 48–49, 56, 62, 76, 93, 95, 97, 101, 123, 138–41, 161, 168. See also deductive method
value-free, 130
price controls, 109–110, 130
price theory. See also Böhm-Bawerkian economics; economic laws; market equilibrium theory; Marshallian economics; supply and demand
Austrian, 38, 45, 53, 56–58, 99, 168
Chicago School, 10, 22, 139, 143, 146
Marshall, 15, 21, 96
neoclassical synthesis, 29, 49, 96
Princeton Panel, 137
production theory. See also Böhm-Bawerkian economics; competition and monopoly; Marshallian economics
Austrian, 78, 152
Böhm-Bawerkian basis, 74, 80, 84
Hayek and Wicksell, 3, 63, 81, 122
limits on firm size, 99
Mises, 2, 5, 62–64
Rothbard,
critiques Kirzner, 141–44, 146
critiques Marshallian, 69–71, 78
original production theory, 2, 5, 62, 64–65, 67–68, 77
revised production theory, 5, 60, 63, 69, 71, 74–75, 77–78, 84, 98–100, 104, 109–14, 143, 164, 168
Marshallian (neoclassical), 15–16, 64–65, 69–71, 75–78, 97, 100, 142–43
neo-Marshallian, 133, 146
no structure of production, 8, 84
single firm, 5–6, 69, 75–80
profit and loss, 103, 107–108, 115–17
loss, 35–36, 57, 61, 77, 88, 90, 92–93, 102–103, 107–108, 113–17
profit, 13, 19, 36, 56–57, 77–78, 88–90, 92–93, 95, 102–103, 107–108, 112, 114–17, 121–22, 126–27, 137, 153
Read, Leonard, 22, 25, 73
Reisman, George, 91
revenue and cost, 57, 64, 90. See also under economic laws
cost, 15–16, 36, 54, 56, 64–65, 74, 79–80, 88, 91–92, 96–98, 111–13, 116, 127
marginal cost, 69, 127, 144, 152
marginal revenue, marginal income, 69, 127, 144, 152
opportunity cost, 79, 92, 149
revenue, 36, 66, 68, 79, 85, 95, 102, 111, 113–14, 116
total cost, total revenue, 78
Ricardo, David, 15, 31, 48
Robbins, Lionel, 11, 15, 23, 28, 47, 71, 105, 122, 139–40, 142
Robinson, Claude, 137
Robinson, Joan, 16, 64. See also under competition and monopoly theory
Roepke, Wilhelm, 162
Rolph, Earl, 85
Rothbard, David, 7
Rothbard, Murray N., See also Rothbard, works of
Columbia University, 2, 5, 7–12, 17, 21, 25, 28–29, 62, 64, 70, 90, 100, 118, 159–60, 164
dissertation, 10, 19–22, 25, 31, 134, 159
Mises,
corresponds with Mises, 5, 25, 27–28, 37–38, 40, 42, 162
heir, 4, 133, 155, 169
receives comments from Mises, 1–2, 4, 6, 30, 34–35, 37, 40, 42, 49, 51, 93, 96, 125, 136–37, 160, 163–68
textbook project, 2, 5, 27–32, 38, 45–46, 51–62, 64–73, 94, 99, 117, 140, 160
treatise, 2–3, 5–6, 93, 129, 138, 140
Austrian-libertarian, 71, 104, 109
capital theory, 81, 98–99, 143–44
competition and monopoly, 94, 96, 99, 143–44
completes and revises, 129–31, 133, 146, 151–53, 155–57
economic calculation, 90–91, 99
decides to write, 69–74, 91, 94
interventionism, 102, 104
publishes, 157–60
reception, 160–69
Volker Fund, 2, 5–7, 25, 27, 30–31, 38, 41, 70–73, 99, 131, 133–42, 147, 151, 155–56, 158–61
Rothbard, works of
America’s Great Depression, 118n53, 123–25, 128–29, 136–37, 148, 154–55, 159, 167
“The Case for a 100 Per Cent Gold Dollar,” 150–51
“In Defense of ‘Extreme Apriorism’,” 41–42
Man, Economy, and State: A Treatise on Economic Principles, 2, 129–30, 133, 139, 151, 155, 157–69
The Panic of 1819: Reactions and Policies, 19–22, 134, 159
Power and Market: Government and the Economy, 2, 155–57
“Toward a Reconstruction of Utility and Welfare Economics,” 50–52, 106–107
What Has Government Done to Our Money? 37, 125–26, 159
Rougier, Louis, 1, 165
Rushdoony, R. J., 160
Samuelson, Paul, 8, 47–48, 147
Schwartz, Anna, 146
Schuller, George, 39
Schultz, Henry, 43
Schumpeter, Joseph, 28–29, 97, 155
Sennholz, Hans, 167
Simons, Henry C., 119
Smith, Adam, 15, 48
Stigler, George J., 6, 140–41. See also Chicago School; Friedman; Marshallian economics
Columbia, 8–10, 140–41
price theory, 8, 10, 22, 29, 41, 70, 139, 144
production theory, 64, 67, 70, 84, 88, 143
structure of production. See Böhm-Bawerkian economics; capital theory. See also under interest theory
supply and demand, 60, 62. See also consumer theory; market equilibrium theory; production theory
demand curves, 5, 43–44, 53–54, 56, 58–59, 66–67, 75, 95, 98, 111, 141, 144, 146, 168
supply curves, 54, 58, 65, 112, 114
Taussig, Frank, 155
taxation, 17, 43, 105, 109–110, 112, 114, 168
calculational chaos, 115–17
imputation, 101, 111–12
policy, 43, 106
progressive income, 105
sales, 113–14
Thomas Jefferson Center at the University of Virginia, 150
time preference, 61, 63, 68–69, 77–78, 80–83, 85–87, 98, 123–24, 154. See also under consumer theory; interest theory
Tintner, Gerhard, 43–44
University of Chicago, 5, 8, 24, 50, 136, 138, 155, 163. See also Chicago School
Committee on Social Thought, 24
University of Southern California, 41
University of Vienna, 23
University of Virginia, 150
University of Witwatersrand, South Africa, 152
utilitarianism, 72, 105, 130
British, 105
utility theory
Austrian utility theory, 15–16, 31
demonstrated preference, 51, 106–07
ordinal marginal utility, 5, 27, 45–54, 56–58, 60–62, 69, 105–09, 111, 131, 143, 152, 168
labor, 39
money, 33, 35, 56–62, 69, 82, 110, 146
neoclassical, 15–16, 104
cardinal utility, 27, 46–47, 49–50, 105–07
indifference curves, 27, 46–47, 51–52
Van Nostrand Company, 155–57, 161
Van Sickle, John V., 42
Veblen, Thorstein, 11, 20. See also Institutionalist School; Mitchell
Viner, Jacob, 150
Volker Fund. See William Volker Fund
Walras, Léon, 15, 44, 57. See also Walrasian economics
Walrasian economics, 28, 67, 79. See also Samuelson; Walras
general equilibrium, 8, 10, 29, 44–45, 75–76, 80, 90, 100
Warburton, Clark, 150
Weiler, E. T., 67
welfare economics, 32–33, 50, 104–105. See also interventionism theory
Mises, 35–36, 109–10
New, 106, 108
Old, 105
perfect competition, 97–98
Rothbard, 35–36, 50, 101, 104, 106–109, 116, 152, 156, 161, 168
Wicksell, Knut, 63, 81, 121
Wicksteed, Philip H., 53–54, 59–60, 71. See also Wicksteedian economics
Wicksteedian economics, Austrian-Wicksteedian theory of price, 54, 60, 62. See also Wicksteed
Wieser, Friedrich von, 67
William Volker Fund, 4
Austrian School, 24–25, 27, 30–31, 131, 133, 135–38, 145, 155, 158–60
Chicago School, 22, 41, 150
collapse, 6, 160–61
Rothbard, 2, 5–7, 25, 27, 30–31, 38, 41, 70–73, 99, 131, 133–42, 147, 151, 155–56, 158–61
Series in the Humane Studies, 155
Willis, H. Parker, 9
Winch, D. N., 161
Yale University, 25, 157
Yeager, Leland B., 150–51
