Expectations and the Meaning of Institutions: Essays in Economics

By Don Lavoie; Ludwig Lachmann | Go to book overview

11

THE SALVAGE OF IDEAS

Problems of the revival of Austrian economic thought [1982]

This paper is offered on his 70th birthday to Professor Terence W. Hutchison. All economists who care for origin and history of the ideas they espouse or oppose stand in his debt. His contributions to the methodology of economics have been many, and some of them have brought him fame.

The choice of our subject seems appropriate to the occasion. He has always taken a friendly interest in the work of the Austrian school of economics. His contribution to the Menger Centenary in 1971 is rightly remembered.

In his writings he has held up a mirror to the Austrians. Some of them have found encouragement in his appreciation of their work. Others have gained from his comments in other ways. Even those who found their faces distorted in the mirror drew some benefit from it. For even a mirror set at an angle which hurts our sensitivity is better than no mirror. None of us can do without one.

In recent years many economists, of all schools of thought, chastised by their experience, have come to take a new interest in the history and methodology of their discipline. Let us hope that for many years to come they will be able to read and enjoy the writings of one whose seminal thought has been an inspiration to so many of us.


THE 1930s: THE LOSS OF AUSTRIAN INTELLECTUAL CAPITAL

The 1930s were a tragic decade for many Austrians, economists and others, but the body of thought we have come to know as Austrian Economics suffered a fate all its own in it. Political

-164-

Notes for this page

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this book

This book has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this book

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this page

Cited page

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited page

Bookmark this page
Expectations and the Meaning of Institutions: Essays in Economics
Table of contents

Table of contents

Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this book

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Full screen
/ 331

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited passage

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.