Austrian Economics Overview

Bob Murphy lays out how we should go about understanding economics.

Austrian ideas are often at the cutting edge of new research exploring how entrepreneurs and innovators transform the world.

In this paper, a “praxeology of coercion,” or, more precisely, an analysis of interpersonal actions involving threats, is developed. This is an attempt to further the analysis of human action as defined by Mises.

Journal publications are used to rank institutions by research productivity in Austrian economics. An incidental byproduct is a ranking of scholars in the Austrian school.

Nordic countries prospered in spite of the Scandinavian model, not because of it.

I’ve noticed that the following Rothbard quote tends to circulate periodically amongst free-market groups:

Whether its drug prices, crushing debt, or unemployment, government can always come up with someone else to blame. Fortunately though, in spite of the lackluster economy the Fed and the government seem committed to giving us, there's hope for a much better future.

Never published before, this short essay about Ludwig von Mises by his personal assistant, Bettina Bien Greaves, outlines what it was about Mises's creativity and scholarship that made him truly unique.