Austrian Challenge to Orthodoxy

In: Economic affairs: journal of the Institute of Economic Affairs, Band 4, Heft 3, S. 57-61

Abstract

The demise of Keynesianism leaves a void in economic thinking that is being filled not only by the Chicago monetarists but also by the lesser known 'Austrian school' of market liberalism, of which F. A. Hayek (right) is the leading living exponent. Norman Barry of the (private) University of Buckingham shows how it supplies new and radical solutions to unsolved problems of economic policy.