I think we need to be a little more conscious of what "Austrian economics" is supposed to mean. I like to think of it as everything coming down from the "Mises Circle." Mises headed one of those Viennese "circles" of which the "Vienna Circle" is the most famous. He had amazing people around him, including Hayek, Oskar Morgenstern, and Fritz Machlup. If you trace it out, it turns out that these guys had a big hand in shaping post-war orthodoxy in microeconomics. (http://rss.sagepub.com/cgi/content/refs/16/1/45) If... (read more)
I think we need to be a little more conscious of what "Austrian economics" is supposed to mean. I like to think of it as everything coming down from the "Mises Circle." Mises headed one of those Viennese "circles" of which the "Vienna Circle" is the most famous. He had amazing people around him, including Hayek, Oskar Morgenstern, and Fritz Machlup. If you trace it out, it turns out that these guys had a big hand in shaping post-war orthodoxy in microeconomics. (http://rss.sagepub.com/cgi/content/refs/16/1/45) If... (read more)