Kurt rothschld and the alternative Austrian economics
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Date
1993-07
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Abstract
In the course of the twentieth century, Austrian economics has come increasingly to be identified with Von Mises, Hayek and their followers who combine a radical subjective individualism in method with an extreme pro-capitalist liberal conservatism on policy questions. While historians of ideas have recognized the existence of a socialist rival to subjectivist economics in Austria, it is evident that this Austro-Marxist tradition came to an end with the death of its intellectual leaders Otto Bauer (in 1938) and Rudolf Hilferding (at the hands of the Gestapo in 1941).
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Keywords
Austrian economy, Labour economics, Economic growth