Austrian economics found its influential home in the United States, not Europe.
Evidence
If the influence of ordoliberalism has been felt primarily in Europe, then the influence of Austrian ideas lies in the United States. Austrian ideas have long had an American pied-à -terre, as we saw in Schumpeter’s diagnoses of the 1930s. They came back into vogue in the current crisis because they seemed to have been onto something that few Keynesians (except Hyman Minsky) had paid much attention to, and in doing so they gave us another set of reasons to be austere. — Mark Blyth, Austerity, 381
Categorization
- XREF: Positions Austrian economics as the US analogue to Europe’s ordoliberalism—a geographic mapping of austerity’s intellectual sources useful for Mattei. — connects to: Austrian economics waxed and waned across decades in America — Mark Blyth, Austerity: The History of a Dangerous…, 385; Neoliberalism’s epicenter remained Europe rather than the United States. — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin: The Making…, 123; Austrian business-cycle theory has a submerged US history dating to the 1920s via Schumpeter — Mark Blyth, Austerity: The History of a Dangerous…, 397
Broader Connections
- Austrian economics waxed and waned across decades in America
#expands(0.85) — Mark Blyth, Austerity, 385 - Austrian business-cycle theory has a submerged US history dating to the 1920s via Schumpeter
#corroborates(0.80) — Mark Blyth, Austerity, 397 - Neoliberalism’s epicenter remained Europe rather than the United States.
#contradicts(0.70) — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 123