History of the Austrian School of Economics

The Salamanca School is known for important contributions to free-market economics and the Austrian School. The Bolognese jurists also made key contributions. 

Bob quotes from David Ricardo to show that the classical economists understood that utility was essential to explaining market value, but then he also explains why the Marginalist Revolution was a scientific advancement.

"Menger developed the whole system of economics."

Lew Rockwell discusses Friedman at the dedication of the Mises Institute library.

In this issue of the Misesian we celebrate seventy-five years of Human Action. Many of our top scholars examine the legacy of Human Action and find it continues to inspire new generations of economists, scholars, and students.

"Caius Gracchus" Babeuf came to Paris in 1790 and imbibed the revolutionary atmosphere. Five years later, he founded the secret Conspiracy of the Equals.

In 1959, Ludwig von Mises gave lectures on economics in Argentina, where the economy was in steep decline. In the 1920s, Argentina was one of the world's wealthiest countries, but decades of Peronism and inflation started the country on the long road to poverty.

In 1959, Ludwig von Mises gave lectures on economics in Argentina, where the economy was in steep decline. In the 1920s, Argentina was one of the world's wealthiest countries, but decades of Peronism and inflation started the country on the long road to poverty.

In less than a century, Argentina went from being one of the world’s wealthiest nations to one that struggles with poverty and massive inflation. Human Action provides lasting wisdom to improve life in that country.

300 years ago, on April 22, 1724, the German philosopher Immanuel Kant was born in Königsberg, East Prussia.