History of the Austrian School of Economics

Dr. Gordon reviews Quinn Slobodian‘s latest book trashing the Austrians, especially Murray Rothbard. Not surprisingly, Slobodian shows little understanding of the Austrians and economic history.

Six hundred years before Carl Menger wrote his Principles, Thomas Aquinas was writing about the role of subjective valuation in economic exchanges. His work helped lay the groundwork for further advances in economic theory.

Guido Hülsmann joins Bob to explore the newly digitized Ludwig von Mises archives at Grove City College, revealing lost correspondence, Mises’ personal battles against socialism, and more.

J.B. Say deserves to be remembered, especially by Austrian economists, as a pivotal figure in the history of economic thought. Yet, one finds him discussed very briefly, if at all.

Our friends at Grove City College have accomplished an incredible feat, digitizing their archive of Ludwig von Mises’s personal papers.

Fifty years ago today, December 11, 1974, F.A. Hayek gave his Nobel Lecture in Sweden. The conflict between what the public expects science to achieve in satisfaction of popular hopes, and what is really in its power, is a serious matter.

I have long argued that Austrian economics should be developed not as an alternative to the current academic discipline of economics but as a replacement for it.

The Austrian School of economics traces its roots to the School of Salamanca in medieval times. The scholastics of Salamanca, in turn, were influenced by the canon jurists from the University of Bologna, demonstrating the rich and historic roots of Austrian economics.

In 1940, shortly after Nazi armies ran across Europe and conquered France, Ludwig von Mises and his wife, Margit, escaped to the US after a harrowing journey through hostile territory. Here is their story.

Fifty years ago today, December 11, 1974, F.A. Hayek gave his Nobel Lecture in Sweden. The conflict between what the public expects science to achieve in satisfaction of popular hopes, and what is really in its power, is a serious matter.