History of the Austrian School of Economics

Although it's true that Austrians agree with Chicago economists on many policy issues, their approach to economic science is very different.

Although it's true that Austrians agree with Chicago economists on many policy issues, their approach to economic science is very different.

In this article in our “Remembering” series, we commemorate the well-known economist Oskar Morgenstern, best known as the codeveloper of modern game theory with John von Neumann.

David Gordon reviews Janek Wasserman's "The Marginal Revolutionaries" and finds some concerning errors and misunderstandings.

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.