Abstract
The 1974 Nobel Prize for Economic Sciences revived the almost-moribund Austrian School. Within six years, two Austrian-influenced radicals—Margaret Thatcher and Ronald Reagan—won major election victories. This chapter examines others who were Austrian-influenced—including the John Birch Society, ‘redneck’ militia groups, white supremacists, theocrats and Adolf Hitler—and asks whether the Nobel Prize has had a detrimental effect on the economics profession.
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Leeson, R. (2017). 50: The Nobel Prize Community, 1901–. In: Hayek: A Collaborative Biography. Archival Insights into the Evolution of Economics. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-52054-4_14
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