Austrian Economics Overview

Menger's was an analytical method that began with the smallest empirical phenomena and proceeded logically from there. He called this the "empirical method."

Sometimes people—even other economists—are incredulous that the Austrians deny the possibility of interpersonal utility comparisons.

One must not forget that the scale of values or wants manifests itself only in the reality of action. These scales have no independent existence apart from the actual behavior of individuals.

The field of our science is human action, not the psychological events which result in an action. It is precisely this which distinguishes the general theory of human action, praxeology, from psychology.

Austrian economics begins with universal axioms.

In this 33-minute presentation, Ralph Raico examines the history and ideology of imperialism—and why the state loves war and empire so much.

The core concepts of contemporary Austrian economics—human action, means and ends, subjective value, marginal analysis, methodological individualism—all flow from Menger's pathbreaking work.

On the rise, decline, and rise again of one of the great American economic theorists, Frank Fetter, as well as the Austrian school itself and its rise, decline, and renaissance.

The public must come to a fuller understanding that without private property there is no liberty; that there is no safe middle of the road; and that we citizens are engaged in a constant struggle with government over how much of our own property, and of the fruits of our own labor, we will be able to keep and benefit from.

Robert Murphy's interview with Jordan Peterson featured a fast and exciting conversation with lots of references to books, articles, and other Austrian scholarship. This study guide offers citations and explanations for that may have gone by too quickly for the audience.