History of the Austrian School of Economics

"There is one good thing about Marx: he was not a Keynesian. I recently asked Yuri Maltsev, former Soviet economist, why is it that things seem to have fallen apart so rapidly in the Soviet Union in the last twenty years. He said in the last twenty years, the leaders of the Soviet Union have relaxed the money supply and have used inflation to solve short-term problems. That spelled doom for the system."

"He used Menger’s edifice as a framework, and then he solidified its foundations and proceeded to build an entire basilica on top of it. It was an enormous achievement."

A member of the “second generation of the Austrian school of economics,” Eugen von Böhm-Bawerk (1851–1914) and his works are discussed by Peter Klein.

Thanks to Mises, we now understand that the only way that socialists can solve the problem of resource allocation is by adopting capitalism.

It's important to remember that the government can engage in credit expansion through many ways other than directly inflating the money supply. 

Recorded at Mises University 2018.

Jonathan Newman discusses the contributions of Henry Hazlitt (1894–1993), the brilliant popularizer of sound economics.

While Menger shared his contemporaries’ preference for abstract reasoning, he was primarily interested in explaining the real-world actions of real people.

Civilization is an achievement of the 'bourgeois' spirit, not of the spirit of war and conquest.

Guido Hülsmann highlights the life and work of Ludwig von Mises (1881–1973), arguably the greatest economist of all time.