Book Review: 'The Austrian School: A History of its Ideas, Ambassadors, and Institutions,' by Eugen Maria Schulak and Herbert Unterköfler. Ludwig von Mises Institute (2011).
Journal of the History of Economic Thought, Vol. 34, No. 2, pp. 285-287.
3 Pages Posted: 18 Sep 2014
Date Written: 2012
Abstract
Eugen Maria Schulak and Herbert Unterköfler have produced in this book a concise and accessible — though eminently scholarly — history of the "Austrian" school of economic analysis. The text is a translation of a German-language edition that appeared in 2008. The book is divided into small but dense chapters addressing the most significant developments and persons within Austrian economics. As opposed to narrower studies of the academic contributions of the school, this book is a broader and more colorful portrait of "its ideas, personalities, and institutions" (p. xvi). It therefore contains not merely summaries of the major contributions and conflicts of the Austrian school, but a wealth of biographical and historical information as well.
Keywords: Austrian economics, history of economic thought, Carl Menger, Eugen von Böhm-Bawerk, Friedrich von Wieser, Ludwig von Mises, F.A. Hayek, Murray Rothbard
JEL Classification: B15, B25, B53
Suggested Citation: Suggested Citation