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The Alternative Austrian Economics

A Brief History

John E. King

For most economists, ‘Austrian economics’ refers to a distinct school of thought, originating with Mises and Hayek and characterised by a strong commitment to free-market liberalism. This innovative book explores an alternative Austrian tradition in economics. Demonstrating how the debate on the economics of socialism began in Austria long before the 1930s, it analyses the work and impact of many leading Austrian economists through a century of Austrian socialist economics.
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Chapter 10: What is left?

John E. King


Chapter 10 identifies some of the important social democratic economists in later twentieth- and early twenty-first-century Austria: Wilfried Altzinger, Gunther Chaloupek, Kazimerz Łaski, Egon Matzner and Brigitte Unger. I also discuss the work of two distinguished historians of heterodox economic thought, Christian Gehrke and Heinz Kurz, summarise the work of the Post Keynesian macroeconomist Engelbert Stockhammer and provide a brief appraisal of two of the more prominent younger Austrian writers in the social democratic tradition, Jakob Kapeller and Miriam Rehm. The chapter concludes by assessing the prospects for the alternative Austrian economics in the 2020s.

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