As Richard L. Rudolph correctly observes at the beginning of his article, Austrian economic history has not been adequately examined in international, comparative studies of the problems of economic growth. Undoubtedly this is attributable both to the traditional orientation of Austrian historians toward national and regional studies and to the interest of so many historians in various aspects of the preindustrial age. Macroeconomic approaches have, therefore, been deemphasized, even though they have led to significant new conclusions in regard to the nature of preindustrial economy and society, partly because of the difficulty in applying this methodology to an analysis of the increasingly complex affairs of a modern industrial society.