Vernon Smith Prize for the Advancement of Austrian Economics

The European Center of Austrian Economics Foundation is calling for submissions for its 2nd International Vernon Smith Prize for the Advancement of Austrian Economics.  The essay topic is based on Schumpeter’s statement that ‘This process of Creative Destruction is the essential fact about capitalism.  It is what capitalism consists in and what every capitalist concern has got to live in.’

Strangely, the ECAEF have overlooked the fact that a member of the prize jury is actually dead!

posted on 24 September 2009 by skirchner in Austrian School

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