History of the Austrian School of Economics

Mises Daily Friday by Lew Rockwell.

"I was once told that Rothbard had an 'unfair advantage,'" Lew Rockwell writes, "because all his works are available for free on the web, thanks to our donors. Give me more such unfairness!

Mises University Alumnus Ray Walter, now a PhD student in physics and mathematics at the University of Arkansas, discusses his work with the Mises Institute and how it has influenced his academic career. 

"The Mises fellowship has been the single most important influence in my development as a scholar," writes Matt McCaffrey in his discussion on being an Austrian economist in academia today. "No other program could have given me the resources I needed to start my career."

Michael Oliver witnessed the beginning of the modern anarcho-capitalism movement, meeting Rothbard in the early 1970s. His graduate thesis was on Rothbard's description of a libertarian society and attempted to reconcile Rothbardian thought with the work of Ayn Rand.

Bettina-Bien Greaves took careful notes during Ludwig von Mises's New York seminars. Whenever he made a comment that suggested research paper or book, she jotted it down on a note card.

In this interview, Jeff Deist discusses taxes, his time working for Ron Paul, members of Congress, and how the Austrian movement is attracting more brilliant people than ever. 

The Google Ngram Viewer is used to highlight some of the ideas, nomenclature, individuals, and events that have come to comprise the Austrian tradition. Key terms and literature are also examined primarily using the English corpus, with occasional examinations using German and French corpus as well. The Ngram counts of these terms provide a useful way to gauge the success of Austrians, over time, to influence the state of economics and the popular debate.

In The Concept of Equilibrium in Different Economic Traditions, Bert Tieben offers a full-length, extensive study of the concept of equilibrium that chronicles its four-century evolution from the prehistory of classical economics to the heyday of neoclassical economics and contemporary heterodox economics.

This lecture by Joseph Salerno was presented at the 2012 Mises University in Auburn, Alabama.  Includes an introduction my Mark Thornton.