Karen I. Vaughn

Knight and the Austrians on Capital, and the Problem of Socialism

The authors consider Knights critique of Austrian capital theory and the problem of socialism.

Why Teach the History of Economics

1993 is an auspicious year for the History of Economics Society. Almost exactly twenty years and one month ago the first gathering of historians of economic thought took place in Chicago. It was not exactly the first meeting of the Society since it was officially formed only in 1974 and the first official meeting took place that year in Chapel Hill, North Carolina. However, the 1973 meeting demonstrated that there was sufficient interest in the subject to form a society. Hence, this is both the twentieth annual meeting of the History of Economics Society and the twentieth anniversary of its inception.

The Rebirth of Austrian Economics: 1974–99

Twenty five years ago, Austrian economics appeared to be a closed chapter in the history of economics. Today Austrian ideas are flourishing as never before. That is partly due to the compelling nature of Austrian ideas. But there is a good case for arguing that the official rebirth of Austrian economics dates back to a meeting in South Royalton, Vermont in June 1974.