“There are two elements of Hayek’s background that justify our considering him an Austrian economist: first, that he was raised and went to university in Vienna in the first three decades of the twentieth century, and second, that when he finally decided on economics as his field of study, he was trained within the Austrian tradition in economics.”

—  Bruce Caldwell (economist)

"Hayek and the Austrian tradition", in Edward Feser(ed.), The Cambridge Companion to Hayek (2006)

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Bruce Caldwell (economist)8
economic historian 1952

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“The case of Otto Neurath, first author of the Vienna Circle's manifesto, is a revealing one. In the years before the First World War, the young Austrian economist became interested in eugenics, translating (with his wife, Anna Schapire-Neurath) Francis Gallon's Hereditary Genius for the first time into German. His most important early work, however, was his analysis of the war economy. War economics, in his view, was a science with well-defined laws and principles which, like ballistics, are "independent of whether one is for or against the use of guns."”

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