Austrian Economics Overview

Menger discovered much more than the principle of marginal utility—he created an entire system of economics based on subjective value and individual choice.

"Austrian" economics owes its name to the historical fact that it was founded and first elaborated by three Austrians.

Walter Block is a giant in the libertarian movement. He explains how he discovered this philosophy and why it will be difficult to advance liberty.

The second edition of The Great Fiction will be welcomed by all readers interested in the theoretical foundations of a free society.

Professor Jonathan Newman joins the show for a look at America's Great Depression, Rothbard's classic explanation of a terrible period in US history.  It can happen here, and it can happen again, if Rothbard's counsel goes unheard.

This new typology of numerous strands of Austrian (and Austrian-related) economics provides some essential insights into the field of entrepreneurship and organization economics.

Jeff Deist details the good, bad, and ugly of a book on the history of the Austrian school, written by a left-progressive historian from a critical perspective.

If people want to dismiss this school of thought, which many seem inclined to do for political (not theoretical) reasons, at least they should do so based on facts and knowledge, not on falsehoods.

If people want to dismiss this school of thought, which many seem inclined to do for political (not theoretical) reasons, at least they should do so based on facts and knowledge, not on falsehoods.

If the hallmark of conventional economics is unrealistic models, the hallmark of Austrian economics is a profound appreciation of the price system. Prices provide us with critical information about the relative scarcity of goods and services.