Key Austrian works failed commercially while Keynesianism dominated economics

Evidence

By 1944, Hayek found himself similarly ignored, in semiretirement, writing on the dangers of socialism in his epic The Road to Serfdom. Hayek’s earlier Prices and Production, his Meisterwerk on business cycle theory, like Schumpeter’s 1939 Business Cycles, arrived dead at the presses. — Mark Blyth, Austerity, 384

Categorization

• CANDY: The image of Hayek’s Meisterwerk and Schumpeter’s Business Cycles both arriving “dead at the presses” is a light, shareable nugget.
• XREF: connects to: Neoliberal ideas were displaced by Keynesianism only briefly — Mark Blyth, Austerity: The History of a Dangerous…, 157; Austrian economics waxed and waned across decades in America — Mark Blyth, Austerity: The History of a Dangerous…, 385; The 1973 oil crisis triggered a resounding defeat of Keynesian economics — Aris Komporozos-Athanasiou, Speculative Communities: Living with…, 107 (+5 more)

Broader Connections

• Keynesian dominance gave way to Friedman’s influence in economics #corroborates (0.90) — Angus Burgin, The Great Persuasion, 392
• The 1973 oil crisis triggered a resounding defeat of Keynesian economics #contradicts (0.85) — Aris Komporozos-Athanasiou, Speculative Communities, 107
• Monetarism displaced Keynesianism through a staged diffusion across elite institutions #expands (0.80)
• Think tanks slowly displaced Keynesianism with free-market doctrine in Britain #expands (0.75) — Hall, Stuart, Essential Essays, Volume 1, 1108
• The shift from Keynesianism to monetarism was engineered by decades of think-tank advocacy. #expands (0.75)