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The Marginal Revolutionaries - How Austrian Economists Fought the War of Ideas (Paperback)
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The Marginal Revolutionaries - How Austrian Economists Fought the War of Ideas (Paperback)
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A group history of the Austrian School of Economics, from the
coffeehouses of imperial Vienna to the modern-day Tea Party The
Austrian School of Economics—a movement that has had a vast
impact on economics, politics, and society, especially among the
American right—is poorly understood by supporters and detractors
alike. Defining themselves in opposition to the mainstream,
economists such as Ludwig von Mises, Friedrich Hayek, and Joseph
Schumpeter built the School's international reputation with their
work on business cycles and monetary theory. Their focus on
individualism—and deep antipathy toward socialism—ultimately
won them a devoted audience among the upper echelons of business
and government. Â In this collective biography, Janek
Wasserman brings these figures to life, showing that in order to
make sense of the Austrians and their continued influence, one must
understand the backdrop against which their philosophy was
formed—notably, the collapse of the Austro‑Hungarian Empire and
a half‑century of war and exile.
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