Austrian Economics

Murray N. Rothbard

Austrian economists use logical, deductive reasoning and view the subjective values of real actors as the ultimate cause of all economic outcomes. Austrians emphasize private property, entrepreneurship, free markets, and sound money as the key drivers of economic performance.

Led by Ludwig von Mises, F.A. Hayek, Murray N. Rothbard, and other scholars, the Austrian School features distinctive theories of money and capital, the business cycle, the role of the entrepreneur, and the effects of government intervention in markets.

Mises U 2011

Contributions of Mises and Rothbard to Economic Thought

Bob Murphy discusses the enormous contributions that Mises and Rothbard had on the foundations of Austrian economics.

Mises View

Connecting Austrian Economics & Liberty

Tom Woods discusses the power of Austrian Economics. Woods is a senior fellow at the Mises Institute. This video is...

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