Austrian School of Economics: Revisionist History and Contemporary Theory

3. The Revival of the Austrian School: Mises and Rothbard

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There were reasons for the decline of the Austrian School before its revival and rebirth by Mises and Rothbard. There was an Israel Kirzner view in the 1970s that the Keynesian avalanche had buried Austrian economics in 1936. Then there is a big bang theory of its rebirth in 1974 due to the South Royalton meeting and Hayek receiving the Nobel Prize.
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Austrian School of Economics: Revisionist History and Contemporary TheoryBy Joseph T. Salerno
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