Rev Austrian Econ (2013) 26:39–43 DOI 10.1007/s11138-012-0197-1 Gerald P. O’Driscoll Jr. Published online: 5 February 2013 Springer Science+Business Media New York 2013 . . . . . Keywords Austrian economics Hayek Rizzo Kirzner Mises Plan coordination JEL classification B25 B53 It never occurred to me after finishing The Economics of Time and Ignorance that I would be sitting on a panel a quarter-century later discussing the book. Indeed, when Mario contacted me to let me know of its reissuance 10 years after the initial publication, it was a pleasant surprise. In preparing for this session, I reread Mario’s Introduction to the second edition and it motivated me to reconsider the influences on us—or at least me—in writing the book. The influence of having both Israel Kirzner and Ludwig Lachmann as colleagues has been well-told, including in Mario’s Introduction. I want to go back further, to Hayek. Over the years, I have come to view Hayek’s essay, “Price Expectations, Monetary Disturbances and Malinvestments,” to be of overriding importance. I refer to it as the Copenhagen Lecture because it evolved from a 1933 lecture in Copenhagen and because of its unwieldy title. So Hayek made the substance of the essay’sargument in
The Review of Austrian Economics – Springer Journals
Published: Feb 5, 2013
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