The Lost Art of Economics
contemporary radical subjectivists. The past twenty or so years have seen a number of Lachmann's followers attempt to develop radical subjectivism in a direction very similar to that suggested by Gloria-Palermo. Scholars such as the late Don Lavoie, Peter Boettke, Steve Horwitz, and David Prychitko have attempted to shift Austrian economics away from a crude, atomistic form of methodological individualism toward a more sophisticated approach which acknowledges that people are social beings who are firmly embedded in networks of shared meanings (see, for example, Boettke 1990; Boettke and Storr 2002; and the essays collected in Lavoie 1990 and Prychitko 1995). In doing so, contemporary radical subjectivists have also begun to bridge the gap between their position and institutional economics. Whether the bridgework that is in place has been completed to the satisfaction of institutionalists is an open question, and one that it would have been interesting to see Gloria-Palermo address. Nonetheless, The Evolution of Austrian Economics is an interesting book, and I look forward to future offerings from its author.