Premium
Austrian Challenge to Orthodoxy
Author(s) -
Barry Norman
Publication year - 1984
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/j.1468-0270.1984.tb01629.x
Subject(s) - demise , buckingham , orthodoxy , monetarism , economics , void (composites) , economic history , neoclassical economics , keynesian economics , law and economics , sociology , political science , philosophy , law , theology , monetary policy , media studies , materials science , composite material
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.