History of the Austrian School of Economics

In the latest installment of Understanding Money Mechanics, Robert Murphy explains what Bitcoin is, how it works, and how it fits into Misesian monetary theory.

Human Action is the book you want to read, you need to read, you've thought about reading. So make 2020 the year you do read it!

Economics today poses as a predictive discipline which fails to correctly predict anything; a prescriptive discipline which prescribes the wrong policies; and an empirical discipline which collects data but misses the point.

Secession and decentralization are good for two reasons: they move us toward a society with more individual freedom. And smaller, more decentralized societies are more economically free.

Presented at Hillsdale "College's Conference Commemorating the Centenary of the Birth of Ludwig von Mises" on September 10, 1981.

Margit von Mises wanted her husband to be remembered for his humanity as much as his wisdom.

The Marginal Revolutionaries: How Austrian Economists Fought the War of Ideas is a lively history of the astonishing influence prewar Viennese intellectuals had on the greater world, and continue to have in areas far beyond economics.

Private ownership of the means of production is the fundamental institution of the market economy. It is the institution the presence of which characterizes the market economy as such. Where it is absent, there is no question of a market economy.

What lies at the base of all Austrian theorizing—from Menger to Mises. Presented at Mises University 1990.