ABSTRACT

Professor Zuidema has provided us with a valuable and instructive survey of the relevance of Austrian ideas for the present and future ordering of the European economies. Although I find myself in agreement with most of his analysis, Zuidema’s paper leaves some urgent problems of international ordering untouched, and therefore may not be able to fulfil its promise to discuss the Austrian economic message for ‘(re-) shaping the economic institutions’ o f Europe. In the following, I shall try to make explicit what I mean by this comment.