- instigated marginal utility, opportunity cost, subjective consumer preferences and showed the crucial relevance of time to capital investment. Capital requires resources: voluntary saving is the key to high investment-led economic growth. Other fundamentals are: methodological individualism, rational human action, entrepreneurship, subjectivism in value, competition as a process, uncertainty in economic behviour, sound money and limited government.

- was sidelined as marginal utilty and opportunity cost became integrated into mainstream economics, and as capital theory, business cycles, entrepreneurship and the dymanic market process proved too complex for the new economist mathematicans. Its subsequent slow recovery coincided with growing disaffection with Keynesian demand management. After Friedrich Hayek received the Nobel prize in 1974, his opposition to Keynes’s economics increasingly recieved the attention it deserves .... but Austrian Economics remains a minority interest.

Austrian Conferences

Austrian Scholars Conference, Auburn
Prague Conference on Political Economy

Austrian Economics ....

Hayek Memorial Lectures

1998 Jonathan Sacks
1999 Otmar Issing
2003 Roger Garrison
2004 Peter Boettke
2005 Andrew Neil
2006 Gale Norton
2007 Terence Kealey
2008 Paul Johnson
2010 Jesús Huerta de Soto

Austrian Economics ....

Peter J Boettke
William Butos
Bruce J Caldwell
Christopher J Coyne
Roger W Garrison
Stephen Horwitz
Israel M Kirzner
Roger Koppl
Paul Ormerod
Paul Lewis
Joseph Salerno
Lawrence White
The Cato Institute
The Mont Pelerin Society
Institute of Economic Affairs
The Quarterly Journal of Austrian Economics
Review of Austrian Economics
Society for the Development of Austrian Economics
Are you an Austrian?
Study Guide
Murray Rothbard