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Best of the Podcast! — Israel Kirzner on the Revival of Austrian Economics

Hayek Program Podcast

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The Open-Ending World of Economics

Hayek: We live in an open-ended world, not the closed-ended world of standard economics. Mises' subjectivism taught Hayek was that we live in anOpen Ended World. The Nobel Prize awarded to Friedrich Hayek in 1974 sparked a post-1974 rediscovery by younger Austrians of radical contributions made more than a quarter of a century earlier," they say.

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