TY  - CHAP
AB  - Abstract This chapter provides a comprehensive survey of the contributions of the Austrian school of economics, with specific emphasis on post-WWII developments. We provide a brief history and overview of the original theorists of the Austrian school in order to set the stage for the subsequent development of their ideas by Ludwig von Mises and F. A. Hayek. In discussing the main ideas of Mises and Hayek, we focus on how their work provided the foundations for the modern Austrian school, which included Ludwig Lachmann, Murray Rothbard and Israel Kirzner. These scholars contributed to the Austrian revival in the 1960s and 1970s, which, in turn, set the stage for the emergence of the contemporary Austrian school in the 1980s. We review the contemporary development of the Austrian school and, in doing so, discuss the tensions, alternative paths, and the promising future of Austrian economics.
VL  - 34A
SN  - 978-1-78560-960-2, 978-1-78560-959-6/0743-4154
DO  - 10.1108/S0743-41542016000034A007
UR  - https://doi.org/10.1108/S0743-41542016000034A007
AU  - Boettke Peter J.
AU  - Coyne Christopher J.
AU  - Newman Patrick
PY  - 2016
Y1  - 2016/01/01
TI  - The History of a Tradition: Austrian Economics from 1871 to 2016
T2  - Research in the History of Economic Thought and Methodology
T3  - Research in the History of Economic Thought and Methodology
PB  - Emerald Group Publishing Limited
SP  - 199
EP  - 243
Y2  - 2024/09/26
ER  -