Introduction to Strigl's Capital & Production I. Richard von
Strigl and the Great Depression The 1920s and 1930s were a
glorious era in the history of the Austrian School of economics.
In those days, the city of Vienna saw the first genuine culture
of scholars working in the tradition established by Carl Menger,
and this culture radiated throughout the rest of the German-
speaking world and into other countries. Many important works of
this period have been translated into English, in particular,
the books by Ludwig von Mises and F.A. Hayek, and also works of
other scholars like Fritz Machlup, Gottfried von Haberler, Oskar
Morgenstern, Franz Cuhel, Hans Mayer, Paul Rosenstein-Rodan, and
Leo Schonfeld-Illy. Among the pioneering works of this time that
have hitherto not been accessible to the Anglophone public is
that by Richard von Strigl. First published in 1934 under the
title Kapital und Produktion by the former Austrian Institute
for Business Cycle Research in its series "Contributions to
Business Cycle Res