History of the Austrian School of Economics

To mark Ludwig von Mises's 145th birthday, Bob reviews the contributions that put him in the running for greatest economist of all time.

We often remember the thinkers who defended liberty when its prospects looked bleak, and for good reason. But we should also remember the people who supported them and made their work possible without knowing what would follow.

We often remember the thinkers who defended liberty when its prospects looked bleak, and for good reason. But we should also remember the people who supported them and made their work possible without knowing what would follow.

On this episode of Power & Market, Ryan, Connor, and Tho toast to Mises's 145th birthday by discussing his life and legacy.

In 1927, the Austrian economist Ludwig von Mises published a short book titled Liberalism: The Classical Tradition.

Bob talks with professor Matt McCaffrey about a soon-to-be-published, never-before-seen manuscript by Frank Fetter, surveying the history of economic thought from Adam Smith to John Stuart Mill.

Rothbard’s method: no abstract “forces,” only individual actors.

The familiar story pits western farmer-debtors against eastern merchant-creditors. Rothbard's evidence says the story is wrong.

Murray Rothbard entered Columbia University at age 16 and by the time he was graduated from that institution with a Ph.D. in economics, he already had done path-breaking work in economics. His legacy has only grown since then.

Bretton Woods was a dollar standard wearing the prestige of gold.