Life in a Walrasian-General-Equilibrium town

Excerpted from an interview by the Austrian Economics Newsletter with Murray Rothbard

Austrian Economic Newsletter: What about conferences during the early seventies?

Murray Rothbard: The first was conducted at Cornell, the summer of 1973. Forest MacDonald and myself were giving papers. At the 1974 conference, we added Garrison, Rizzo, O’Driscoll, Salerno, Ebeling, Hutt, Grinder, and others. It was held in a tiny town in Vermont, which we called a Walrasian-General-Equilibrium town because there was no action, no competition, no interest rates. In 1976, we had a wonderful conference at Windsor Castle, but after that there was nothing. [emphasis added]

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About Piet le Roux

Piet le Roux writes as an associate of the Mises Institute of Southern Africa. He is also a senior researcher at the Solidarity Research Institute.
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