The period between the World Wars was a golden age for the Austrian School of economics. Led by Ludwig von Mises, a group of scholars writing in the tradition of Carl Menger broke new ground in economic science. Their studies showed the superiority of free markets and sound money over all forms of government control. A top theorist in that Mises Circle of thinkers was Gottfried Haberler, who died in Washington, D.C., at the age of 94 on May 6, 1995.
The intellectual achievements of Murray Newton Rothbard (1926-1995)—eminent scholar and friend—are monumental. He is the author of 25 books and thousands of article in scholarly and popular journals. His work covers the entire spectrum of the social sciences: pure economic theory, history, sociology, philosophy, religion, languages, and politics.
In the Keynesian tradition, the economic advisors to George Bush and Michael Dukakis share the same intellectual premises, and advocate government power over individuals and businesses, and extensive government intervention in the economy.
