In 1949, just as Mises' Human Action was coming out, Murray
began attending the Mises seminar. It was there I met him. He
was then a young graduate student at Columbia university working
on his doctorate. As a result of his study, he introduced Mises'
explanation of business cycles into his thesis on The Panic of
1819, thus delaying its acceptance by his board of advisors at
Columbia. It was only after Columbia professor, Arthur F. Burns,