Philadelphia was the home not only of the first two federal banks, but it was the home of the two libertarian political economists who introduced and defended the independent treasury idea into the public consciousness, and created public pressure for its enactment.
The standard interpretation of the Panic of 1837 and subsequent recession blamed state bank monetary inflation abetted by President Jackson's removal of the federal deposits from the Bank of the United States.
World War I marks one of the great watersheds of modern history.
Fetter saw "economics as essentially the study of value, and has viewed all economic phenomena as the concrete expression, under varied circumstances, of one uniform theory of value.
Despite the many illustrious forerunners in its six-hundred year prehistory, Carl Menger (1840-1921) was the true and sole founder of the Austrian school of economics proper. He merits this title if for no other reason than that he created the system of value and price theory that constitutes the core of Austrian economic theory. But Menger did more than this: he also originated and consistently applied the correct, praxeological method for pursuing theoretical research in economics. Thus in its method and core theory, Austrian economics always was and will forever remain Mengerian economics.
Presented at the 6th Austrian Scholars Conferece, Auburn, March 24–26, 2000.
Foss discusses the merits and drawbacks of game theory in economics from the perspective of Austrian economics.
The introduction to The Austrian Theory of the Trade Cycle and Other Essays, edited by Richard M. Ebeling.
This paper originally published in the Austrian Economics Newsletter (Auburn: The Mises Institute) Summer 1991, pp. 1-6.
