History of the Austrian School of Economics

The quest for sound money is hardly a recent phenomenon. In 13th century Italy, two different gold monetary units competed with each other in the Medieval Italian economy.

Looking forward from 2025, one can see Austrian economic publications, researchers, students, teachers, and writers in many countries flourishing.

 The natural law is, in essence, a profoundly “radical” ethic, for it holds the existing status quo, which might grossly violate natural law, up to the unsparing and unyielding light of reason.

David Gordon reviews Binyamin Appelbaum's The Economists' Hour. As a critique of free-market economics, the book fails, relying on appeals to competing values and misattributing government failures to the market.

When Rothbard wrote his treatise Man, Economy, and State, he was a well-trained neoclassical economist who was completely conversant with the research methods and various strands 
of doctrine that composed the emerging neoclassical synthesis.

Not only are modern monetary theory (MMT) cultists dishonest about the role of money, they also are dishonest about money‘s history. By taking issue with Carl Menger‘s historical version, they expose their own ignorance of how money came about.

The biography of Hans F. Sennholz reads like a paradoxical novel—as if the protagonist had journeyed backward through the twentieth century.

The biography of Hans F. Sennholz reads like a paradoxical novel—as if the protagonist had journeyed backward through the twentieth century.

Professor Salerno traces the birth of the Austrian School to Carl Menger’s revolutionary insight.

Not only are modern monetary theory (MMT) cultists dishonest about the role of money, they also are dishonest about money‘s history. By taking issue with Carl Menger‘s historical version, they expose their own ignorance of how money came about.