Austrian Economics Overview

Displaying 351 - 360 of 1965
Per Bylund

The concept of economic cost seems to confuse people. It is not the price you pay for a good, but the reason you pay it.

Henry Hazlitt

Henry Hazlitt's review of Man, Economy, and State published in National Review in September, 1962.

Walter Block

Austrian economics diverges in several important ways from that followed by our colleagues in the mainstream of the profession.

David Gordon

People criticized economics and said “well, there’s something wrong with Austrian economics because it doesn’t depend on verifying things empirically,” Mises wanted to come up with a reply to that, so that was what really got him into philosophy.

Christian Hugo Hoffmann

What are the different concepts of financial risk? How do Austrian economists conceive of risk, uncertainty, and probability? Christian Hoffmann, parting ways with Mises, provides a taxonomy and cautions about the predominance of probability statistics in the realm of economics and finance.