Hayek, Popper and Schumpeter – @TheEconomist on the Viennese economists

Three exiles from Vienna and their responses to totalitarianism.

Part of the Economist’s Schools Brief series, this is a great essay on the influential Viennese exiles.

Today the Austrians are as relevant as ever. Autocracy is hardening in China. Democracy is in retreat in Turkey, the Philippines and elsewhere. Populists stalk the Americas and Europe: in Vienna a party with fascist roots is in the ruling coalition. All three would have been perturbed by the decay of the public sphere in the West. Instead of a contest of ideas, there is the tribal outrage of social media, leftwing zealotry on America’s campuses and fearmongering and misinformation on the right.

Of no direct relevance, Vienna was recently ranked as the world’s most liveable city. It is certainly, beautiful, elegant and civilised.

And, of course it was the inspiration for a great song…

 

Image: National Portrait Gallery

Author: Andrew Munro

A writer, communicator and sovereign professional.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.