History of the Austrian School of Economics

Narrated by Paul Strikwerda.

Narrated by Paul Strikwerda.

Narrated by Paul Strikwerda.

Narrated by Paul Strikwerda.

To young Menger, the cityscape still appeared as that of "old Vienna": enclosed on three sides by a city wall and moat.

The Austrian School of economics, also called the Viennese School of economics, was founded by Carl Menger in Vienna during the last third of the 1

The Austrian School of economics, also called the Viennese School of economics, was founded by Carl Menger in Vienna during the last third of the 19th century. Today, the tradition is larger and more vibrant than ever before.

Critics of Austrian economics often condemn Mises as dogmatic. In fact he advocated a commonsense method.

Once I got used to the “Wikimedia” markup and developed a workflow, it was very fun and addictive! I invite every Misesian scholar (amateur or otherwise) to help me flesh out these (and other) articles, and to start new ones of your own. Just set up an account and use any of the great resources at the Mises Wiki help page to get started!

Gold and silver are international commodities, and, when not prohibited by government decree, foreign coins are perfectly capable of serving as standard moneys.