History of the Austrian School of Economics

Bad ideas succeed in politics because those ideas were taught and pushed in educational and cultural institutions first.

Presented at the Mises Institute's 2018 Supporters Summit in Auburn, Alabama.

Presented at the Mises Institute's 2018 Supporters Summit in Auburn, Alabama.

Austrian economics in particular provides the historian with a theoretical apparatus that equips him with the ability to make disembodied statistics tell a coherent and accurate story.

The Austrian school has always been a very international movement, and the Mises Institute works to uphold that tradition.

The demand for a medium of exchange is the composite of two partial demands: the intention to use it in consumption and production and the intention to use it as a medium of exchange.

Fetter is mostly neglected today, but he had a powerful influence on practically every Austrian economist in the first half of the 20th century.

Böhm-Bawerk unerringly centered his analysis on basic problems in the theory of economic goods. It constitutes a dazzling achievement.

The number of Misesians was once so small that all of them knew each other personally. The world is very different now. 

Hegel, unfortunately, was not a bizarre aberrant force in European thought. He was one of many infected by Romanticism.