One of the big mistakes in modern intellectual history of the Austrian school is to jump from the reality of Mises's and Hayek's being on the wrong side of the zeitgeist to a claim that they were somehow dismissed relics of a pre-scientific age or martyrs to the causes. The reality is that Mises...

This essay examines the relationship between Austrian economics and economic history. It notes their different origins as scholarly fields, and divergent trajectories over the course of the twentieth century, before discussing recent examples of cross-fertilization and pointing to areas of...