Best of the Podcast! — Israel Kirzner on the Revival of Austrian Economics
Hayek Program Podcast
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The Austrian Resurrection
In 1974, just months before the Nobel award to Hayek and soon after Mises' passing in 1973, a conference often referred to as South Royalton took place. The participation of Ludwig Lachmann who held the chair of economics at the University of Wittvattasrunt, Johannesburg, South Africa, was particularly important. A senior respected scholar who had studied and written under Hayek during the 30s,. Lachmann introduced young Mississians to a perspective on Austrian economic thought which opened their eyes to the precise location of the battlefield of ideas that Austrians must wrestle with mainstream orthodoxy.
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