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The Spiked Helmets of the Österreichische Schule

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Hayek: A Collaborative Biography

Part of the book series: Archival Insights into the Evolution of Economics ((AIEE))

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Abstract

Adam Smith (1723–1790) and David Ricardo (1772–1823) were the Founding Fathers of the Classical School of Political Economy; a ‘decisive step’ in Friedrich Hayek’s (1994, 63) ‘introduction to economic theory’ came through his presentation of a paper as a student at the University of Vienna (1920–1921) on the Ricardian theory of rent. Hayek’s (1942) subsequent use of the ‘Ricardo Effect’ may not, however, have been derived from Ricardo (Ferguson 1973; Blaug 1996, 547; Kaldor 1942).

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Leeson, R. (2015). The Spiked Helmets of the Österreichische Schule. In: Leeson, R. (eds) Hayek: A Collaborative Biography. Archival Insights into the Evolution of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/9781137452603_2

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