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...right of the Chicago school are the truly consistent advocates of free market capitalism-the radical libertarian Austrian school. The Austrians represent an approach to economics fundamentally different from the previous two schools. The major differences between the Chicago conservatives and Harvard liberals are partly theoretical, but mainly empirical and philosophical. The Austrians, however, challenge the basic methodologies of both these schools and disagree with their major theoretical models...

Author: By Peter J. Ferrara, | Title: What's Right in the Ec Department? | 10/7/1975 | See Source »

...leading advocates of the Austrian school are Murray Rothbard and Nobel-laureate Frederiech Hayek. They, along with their colleagues, see little if any role for the government in the economy; they oppose welfare state programs and regulations even more consistently than the Chicago conservatives...

Author: By Peter J. Ferrara, | Title: What's Right in the Ec Department? | 10/7/1975 | See Source »

...with the symphonies. Dorati led the National in crisp, meticulous performances of Nos. 1, 52 and 104 the first night, and Alexander Schneider led the Curtis Institute Orchestra surgingly in Nos. 6, 7, 8, 22 and 35 on the second and third. It was enough to demonstrate that the Austrian court composer who had once dined at the servants' table was one of the most astounding revolutionaries in all musical history. Haydn did not invent the idea of the symphony. But when he picked it up, the symphony was the most innocuous of musical forms: a fast/slow/fast outgrowth...

Author: /time Magazine | Title: Music: Papa the Revolutionary | 10/6/1975 | See Source »

...woman and come back, but his voice was drowned by the turbines' whine. Working the controls with his right hand, Meeker lifted off and hovered briefly, trying to draw the guns away from his friend. Realizing that he could no longer help him, Meeker raced for the Austrian border four miles away. Blood from his wounds made his maps unreadable, and the damaged turbine gulped twice as much fuel as it was supposed to. Luckily, Meeker knew his way through the difficult terrain and dangerous wind currents. He set the chopper down where he had landed many times before...

Author: /time Magazine | Title: REFUGEES: The Copter Caper | 9/1/1975 | See Source »

Died. Mark Donohue, 38, top-ranking American driver; following brain surgery after a crash while he was practicing for the Austrian Grand Prix; in Graz, Austria. Son of a New Jersey attorney, Donohue studied mechanical engineering at Brown University but began racing professionally in 1966, and quickly built a reputation as a cool, pleasant, almost error-free technician. After winning several major events-including the Indianapolis 500 in 1972-and more than $1 million in purses, he quit driving briefly in 1974, then slipped into the slim cockpit of a Formula One car this year in pursuit...

Author: /time Magazine | Title: Milestones, Sep. 1, 1975 | 9/1/1975 | See Source »

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