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Austrian Economics and the Political Economy of Freedom
Beginning of article
The revival of the modern Austrian school of economics may be said to have begun 30 years ago, during the week of june 15-22, 1974, when the Institute for Humane Studies sponsored a conference on Austrian economics for about 40 participants in the small town of South Royalton, Vermont.
In 1974 the Austrian school had been in hiatus for almost a quarter of a century. For more than 60 years before the 1940s, the Austrian economists had been considered some of the most original contributors to economic theory and policy. They were among the leading developers of the theories of marginal utility, opportunity cost, value and price, capital and interest, markets and competition, money …
