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Spring 2009
ISSN 0890-913X
Volume 24, Number 2

The Production and Proliferation of Economists: The Austrian and Virginia Schools as Academic Enterprises

Joshua C. Hall, West Virginia University
Scott A. Beaulier, Troy University
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TheJournalofPrivateEnterprise24(2),2009,137-156TheProductionandProliferationofEconomists:TheAustrianandVirginiaSchoolsasAcademicEnterprisesScottA.BeaulierMercerUniversityJoshuaC.Hall*BeloitCollegeAbstractThispaperisonelookattheevolutionofthemodernAustrianandVirginiaschoolsofeconomicthoughtandtheirprospectsforfuturedevelopment.UsingBuchananandKirznerasstartingnodes,wenotethateachhasonlytwograndchildrencurrentlyproducingstudentsworkingdistinctlyintheirtradition.Inthispaper,welookattheproductionofneweconomistsandthescholarlyproductivityofthesetwobranches.BoththeKirzner/Lavoie/BoettkeBranchoftheAustrianSchoolandtheBuchanan/Holcombe/SobelBranchoftheVirginiaSchoolhavebeeneffectiveatproducingneweconomistsworkingwithintheirschoolsestablishedresearchprogram.JELCodes:A11,A23,B53Keywords:VirginiaSchool;AustrianSchool;Dissertationadvisors;PublicchoiceI.IntroductionThisessayisanexerciseinthearcheologyofcurrenteconomicthought.TheAustrianandVirginiaSchoolsofEconomicThoughthavelonghistories,andweexaminetheevolutionofthetwoschools*Theauthorswouldliketothank,withoutimplicating,PeterBoettke,BenPowell,EdStringham,DanSutter,RichardWagner,andparticipantsattheFEEConferenceFromViennatoVirginia.”Wearebothgreat-grandchildrenoftwoprominentmembersofeachschool(Kirzner/Lavoie/Boettke/Beaulier;Buchanan/Holcombe/Sobel/Hall).WhetherourpositionasfamilymembersoftheVirginiaandAustrianSchoolsprovidesuswithauniqueperspectiveorabiasedone,weleaveituptothereadertodecide.137
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