Oskar Morgenstern was a professor at the University of Vienna but was dismissed from his post because he was "considered politically unbearable". Because of this, he became a professor at Princeton University. He is best known for his work on Game Theory and his intense skepticism regarding economic measurement. He critiqued the implementation of policies based on national income data. To back up his argument, he "cited Kuznets's finding that the measurement of national income was subject to a 10 percent margin of error." During the 1930's, Morgenstern was a member of what could best be called the "Austrian Circus" after the Keynesian "Cambridge Circus". This was a group of Austrian Economists who, under the leadership of Ludwig von Mises, got together regularly to dicuss economic issues. Along with the above mentioned members were Haberler, Machlup and Friedrich von Hayek.
Works by Oskar Morgenstern :
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