Circle Bastiat: How a Small Salon in 1950s NYC Helped Ignite the Modern Austrian Revival
The revival of Austrian economics had roots in the Circle Bastiat group that met in New York City in the 1950s, among them Murray Rothbard and Ralph Raico.
History of the Austrian School of Economics
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Murray Rothbard as David Gordon Remembers Him
In this week’s Friday Philosophy, Dr. David Gordon honors the centennial of Murray Rothbard’s birth, recalling his memories of conversations and discussions with the man who was knowledgeable on a wide range of topics—and was never a boring companion.
In Honor of the 100th Anniversary of the Birthday of Dr. Murray Rothbard
Murray Rothbard was born 100 years ago this week and his time on earth was much too short. Yet in that time he was here, he added much to the intellectual foundations of economic thinking.
No, Governments Don’t Give Money Value
Mainstream economists want us to believe that money gains its value from state decrees. Yet, Austrian economists more than a century ago explained why money has value.
Underlying the Connection Between Aristotelian Ethics and Austrian Economics
While Aristotle did not have advanced knowledge of economics, his causal-based view of reality set the stage for the development of the Austrian School.
Why Mises’s The Theory of Money and Credit Is Still Important Today
Ludwig von Mises’s first major work was The Theory of Money and Credit in which he explained the role of money in the economy and also pointed out what causes the boom-bust cycle. It remains an important classic in Austrian economics.
Why Mises’s The Theory of Money and Credit Is Still Important Today
Ludwig von Mises’s first major work was The Theory of Money and Credit in which he explained the role of money in the economy and also pointed out what causes the boom-bust cycle. It remains an important classic in Austrian economics.
Austrian Economics Advances in the QJAE
New scholarly work is appearing regularly in the Quarterly Journal of Austrian Economics. Here are some articles from the latest issue.
Mises, Money, and Catallactics: The State “Theory” of Money Abandons Economics
Ironically, an acatallactic pseudo-theory of money that emerged from a school of thought that rejected theory in favor of an empirico-realistic, historical theory of money now finds it intellectually acceptable, not only to reject catallactic economic theory, but also empirical history.
Menger versus Chartalism: Standards of Empirical Evidence
Menger said alternative monetary theories were “unhistorical,” but one could argue that Menger’s theory also lacks historical evidence necessary to verify his theory. Did Menger display a double standard or a nuanced view as to what we should expect from different monetary theories?
