Reflections on The economics of time and ignorance coming of age

The re-appraisal after 25 years of The Economics of Time and Ignorance by G.P. O’Driscoll and M.J. Rizzo seeks to accomplish three things: (1) to situate the beginnings of the book against the background of the “doom and gloom” scenario of economics in the late 1970s; (2) to gauge reviewers’ response on its publication; (3) to consider its impact both on Austrian economics and mainstream economics; and, finally, to speculate on its ramifications for the future of Austrian economics.