Carl Menger is best known for his vital role in creating the marginal revolution of 1871. However, Menger’s insights ranged well beyond value theory, as he wrote excellent commentary on money and sociology.
In his new book Abundance, Generosity, and the State: An Inquiry into Economic Principles, Guido Hülsmann explains how mutual economic exchanges create gratuitous benefits. As David Gordon notes, Hülsmann’s insight is an important addition to economic understanding.
A discussion of the 1974 South Royalton Conference on Austrian Economics by those who attended.
Mises Institute President, Tom DiLorenzo joins Bob to discuss his early days getting into economics, and some of his important work on antitrust policy.
When Adam Smith and the English classicals promoted division of labor as the most important ingredient in economic development, it took Carl Menger and his Austrian successors to point out that error and promote the proper economic theory of production.
When Adam Smith and the English classicals promoted division of labor as the most important ingredient in economic development, it took Carl Menger and his Austrian successors to point out that error and promote the proper economic theory of production.
How do we best understand economics? Per Bylund explains in the introduction to his Chinese version of his book, How to Think about the Economy: A Primer. Economic understanding is now exported to a country with more than a billion people.
The Rothbard Graduate Seminar (RGS) provides an opportunity to learn about Austrian economics at a high level.
When Carl Menger wrote his pathbreaking Principles in 1871, he challenged several schools of thought—and won. His intellectual revolution continues today.
