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Why Austrian Economics Matters

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This popular paper by Lew Rockwell was delivered at the Heritage Foundation.

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Why Austrian Econ Matters
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This paper by Lew Rockwell was delivered at the Heritage Foundation and even at the time was regarded as the best single overview of the teachings of the school, its contribution to the history of ideas, and the political implications of Austrian economic theory.

It has proven to be such an effective presentation of the essential ideas that it has remained constantly in print.

  • The Austrian School
  • High Points in the Austrian Tradition
  • Socialist Calculation
  • The Revival
  • The Core of Austrian Theory
  • Externalities
  • The Fortune Tellers
  • Government Numbers
  • Public Policy
  • Money and Banking
  • The Future of the Austrian School

Economics, wrote Joseph Schumpeter, is "a big omnibus which contains many passengers of incommensurable interests and abilities." That is, economists are an incoherent and ineffectual lot, and their reputation reflects it. Yet it need not be so, for the economist attempts to answer the most profound question regarding the material world.

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by Reid Derr
on 5/25/2010
A good handout introduction to the Austrian School
I first read this pamphlet at the Mises Institute's conference on the Federal Reserve System on Jekyll Island, Georgia, in March, 2010. It is an easy, informative introduction to the basic concerns and principles of Austrian free-market economics. I plan to order more copies and use them as handouts to introduce people to the Austrian school without burdening them with a book.
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