Search Query: MILTON FRIEDMAN
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15 Great Austrian Economists
edited by Randall G. Holcombe (Auburn, Ala.: Ludwig von Mises Institute, 1999); 258 pages; $15.95.
TWENTY-SIX YEARS AGO, in June 1974, I was fortunate enough to be invited by the Institute for Humane Studies to be one of 40 people who attended a week-long conference on Austrian economics in South Royalton, Vermont. After a decades long hiatus, during which Keynesianism had almost monopolized all discussions about economic theory and policy, a rebirth of interest in the Austrian school of economics was about to begin.
At the time, during that week in South Royalton, it did not necessarily seem that way. The previous year, in October 1973, Ludwig von Mises had passed away at the age of 92. And no one attending that conference imagined that four months later, in October 1974, Friedrich A. Hayek would be awarded the Nobel Prize in economics. In fact, Milton Friedman, the leading figure of the Chicago school of economics, came to one ...
