ABSTRACT
It is usual to find reconstructions of the Austrian tradition which emphasise a Kirznerian and a Lachmannian vein (for example, see O’Driscoll and Rizzo 1985). But the way in which Vaughn presents the former as a ‘supplement to neoclassical economies’ and the latter as the only possible way to a meaningful ‘alternative conception of order’ is uncommonly persuasive. The most prominent example can be found in the consideration of the analytical tools needed to deal effectively with uncertainty and the passage of time.
