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“Un-Austrian” Austrians? Haberler, Machlup, and Morgenstern, and the Post-Emigration Elaboration of Austrian Economics

In: Research in the History of Economic Thought and Methodology

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  • Janek Wasserman

Abstract

Historians of economic thought have begun to reintegrate “un-Austrian” Austrians back into discussions of Austrian Economics, yet many scholars have argued that the Austrian School dissolved after emigration, with only Mises and his followers left to carry on the legacy. This chapter argues that a renewed focus on the networks established by the Austrians themselves, before and after emigration, reveals a distinctly different picture of Austrian Economics. Focusing on their shared interest in international trade theory and business cycle theory and their continued contributions to economic methodology, we see the émigré Austrians advancing Austrian ideas while also reconstituting and elaborating new Austrian affiliations. Ultimately, we find ourselves in agreement with Herbert Furth that Austrian Economics is far broader than Hayek, Mises, and their acolytes would have it, and that it is vital to understand and preserve this more diverse tradition by investigating more closely the works of Haberler, Machlup, Morgenstern, and others.

Suggested Citation

  • Janek Wasserman, 2016. "“Un-Austrian” Austrians? Haberler, Machlup, and Morgenstern, and the Post-Emigration Elaboration of Austrian Economics," Research in the History of Economic Thought and Methodology, in: Research in the History of Economic Thought and Methodology, volume 34, pages 93-124, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:rhetzz:s0743-41542016000034a004
    DOI: 10.1108/S0743-41542016000034A004
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    Cited by:

    1. Janek Wasserman, 2020. "Science lost, science found in the post WWII Austrian economics movement: The case of Emil Kauder," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 33(1), pages 107-120, March.

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