The marginal revolutionaries : how Austrian economists fought the war of ideas
(Book)

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Average Rating
Published
New Haven : Yale University Press, [2019].
Status
Central - Adult Nonfiction
330.157 WASSE
1 available

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Central - Adult Nonfiction330.157 WASSEAvailable

Description

A group history of the Austrian School of Economics, from the coffeehouses of imperial Vienna to the modern-day Tea Party The Austrian School of Economics—a movement that has had a vast impact on economics, politics, and society, especially among the American right—is poorly understood by supporters and detractors alike. Defining themselves in opposition to the mainstream, economists such as Ludwig von Mises, Friedrich Hayek, and Joseph Schumpeter built the School's international reputation with their work on business cycles and monetary theory. Their focus on individualism—and deep antipathy toward socialism—ultimately won them a devoted audience among the upper echelons of business and government.   In this collective biography, Janek Wasserman brings these figures to life, showing that in order to make sense of the Austrians and their continued influence, one must understand the backdrop against which their philosophy was formed—notably, the collapse of the Austro-Hungarian Empire and a half-century of war and exile.

More Details

Format
Book
Physical Desc
xii, 354 pages ; 25 cm
Language
English
ISBN
0300228228, 9780300228229

Notes

Bibliography
Includes bibliographical references and index.
Description
"A group history of the Austrian School of Economics, from the coffeehouses of imperial Vienna to the modern-day Tea Party. The Austrian School of Economics-a movement that has had a vast impact on economics, politics, and society, especially among the American right-is poorly understood by supporters and detractors alike. Defining themselves in opposition to the mainstream, economists such as Ludwig von Mises, Friedrich Hayek, and Joseph Schumpeter built the School's international reputation with their work on business cycles and monetary theory. Their focus on individualism-and deep antipathy toward socialism-ultimately won them a devoted audience among the upper echelons of business and government. In this collective biography, Janek Wasserman brings these figures to life, showing that in order to make sense of the Austrians and their continued influence, one must understand the backdrop against which their philosophy was formed-notably, the collapse of the Austro-Hungarian Empire and a half-century of war and exile."-- Provided by publisher.

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Choice Review

Accounts of the Austrian School of economics often focus on a few marquee figures. Wasserman (history, Univ. of Alabama) provides a comprehensive, engaging narrative of the origins and development of Austrian approaches to economics. After taking up the work of Carl Menger (1840--1921) as founder of a distinctively Austrian approach to economics, Wasserman turns to the heyday of Menger and his immediate followers in Viennese universities in the late-19th and early-20th centuries. Wasserman then considers the ongoing persistence of distinctively Austrian approaches despite the disruptions caused by changes in Austrian academic institutions and then the intellectual diaspora from Vienna due to war and depression. He concludes by considering the legacy of the approaches as represented by contrasting Austrian perspectives evident in institutions in both the US and Europe. The book is well researched, based on extensive archival work. As he gets to recent work in the Austrian tradition, Wasserman's lack of sympathy for it is in evidence. And specialists would probably dispute some of Wasserman's specific interpretations and subnarratives. Nevertheless Wasserman has succeeded in providing a rich and worthwhile overview of Austrian economics. Summing Up: Recommended. Lower-division undergraduates through faculty; general readers. --David Mitch, University of Maryland Baltimore County

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Citations

APA Citation, 7th Edition (style guide)

Wasserman, J. (2019). The marginal revolutionaries: how Austrian economists fought the war of ideas . Yale University Press.

Chicago / Turabian - Author Date Citation, 17th Edition (style guide)

Wasserman, Janek, 1980-. 2019. The Marginal Revolutionaries: How Austrian Economists Fought the War of Ideas. New Haven: Yale University Press.

Chicago / Turabian - Humanities (Notes and Bibliography) Citation, 17th Edition (style guide)

Wasserman, Janek, 1980-. The Marginal Revolutionaries: How Austrian Economists Fought the War of Ideas New Haven: Yale University Press, 2019.

Harvard Citation (style guide)

Wasserman, J. (2019). The marginal revolutionaries: how austrian economists fought the war of ideas. New Haven: Yale University Press.

MLA Citation, 9th Edition (style guide)

Wasserman, Janek. The Marginal Revolutionaries: How Austrian Economists Fought the War of Ideas Yale University Press, 2019.

Note! Citations contain only title, author, edition, publisher, and year published. Citations should be used as a guideline and should be double checked for accuracy. Citation formats are based on standards as of August 2021.

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