Review of Austrian Economics
Author:
Bruce J. Caldwell
Online Publish Date:
On March 1, 1933, Friedrich A. von Hayek delivered an inaugural lecture at the London School of Economics. The lecture was published two months later in Economica under the title “The Trend of Economic Thinking.” In the paper, Hayek despairs over the direction of current “public opinion,” which favored increasing state intervention in the economy.