The Marginal Revolutionaries

According to author Janek Wasserman, Marginal Revolutionaries is the first critical intellectual history of the Austrian school from its emergence to the present” (p. 5). Judged against this baseline, the book can be considered partially successful. Wasserman offers an interesting and nuanced history of the Austrian school of economics beginning in the late nineteenth century with the work of Carl Menger in Vienna. The latter part of the book, which focuses on the Austrian school's migration to America, suffers from some critical weaknesses.