The epithet “Austrian” in “Austrian economics” is applied to the work of economists as far apart in time as Carl Menger, whose Grundsätze der Volkswirthschaftslehre ( Principles of Political Economy ) first appeared in 1871, and Ludwig Lachmann, Israel Kirzner and Murray Rothbard,...

Geographic patterns of commodity trade and foreign direct investment are not consistent with the proposition that European economies are experiencing a process of increasing 'globalization.' Internationalization is taking place as economic integration within the European Union. During the last...