“Austrian Economics: Made in the USA” | History News Network

Janek Wasserman explains how Austrian economics was reduced to a simplified ideology as it was popularized in the U.S. “While the US trip did wonders for Hayek’s public profile, his long-time Austrian friends and colleagues had misgivings about Hayek Lite. The condensedversion—about which Hayek initially had some reservations but ultimately appreciated—lost most of the book’s nuance, becoming a dogmatic defense of free markets and an ill-defined liberty.” Read the entire article here:

History News Network | Austrian Economics: Made in the USA.