This paper is one look at the evolution of the modern Austrian and Virginia schools of economic thought and their prospects for future development. Using Buchanan and Kirzner as starting nodes, we note that each has only two “grandchildren” currently producing students working distinctly in their tradition. In this paper, we look at the production of new economists and the scholarly productivity of these two branches. Both the “Kirzner/Lavoie/Boettke Branch” of the Austrian School and the “Buchanan/Holcombe/Sobel Branch” of the Virginia School have been effective at producing new economists working within their school’s established research program.
Find this article at the Journal of Private Enterprise.