In this excerpt from his brilliant Mises: The Last Knight of Liberalism, Guido Hülsmann illustrates how Carl Menger's experience as a financial journalist led to his developing the revolutionary foundations of the Austrian school of economics.
The issue lies not in overestimating, but in assuming in the first place that the future will look like the past at all.
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.
