March, 2005

An Appeal From New to Old (and Middle-Aged) Austrians

  • Scott Beaulier

    Academic Dean, College of Business at North Dakota State University
  • J. Robert Subrick

Key materials
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The development of Austrian economics has come to a fork in the road. Old lines of research have run their course. Unfortunately, new ones have yet to emerge. In this working paper, Subrick and Beaulier argue that for Austrian economics to succeed, it must understand why it has not penetrated the mainstream. After offering a rationale for this failure, Subrick and Beaulier examine the lack of discussion between the Austrians and the mainstream.