History of the Austrian School of Economics

What is taught under the label of economics at universities nowadays is practically a denial of economics.

Economic calculation requires a monetary system that is not sabotaged by government interference.

Praxeology and economics have a definite place in the evolution of human history and in the process of scientific research.

Names like Menger, Böhm-Bawerk, Wieser, Hayek, and Rothbard are well-known to adherents of the Austrian school of economics. Emil Kauder isn't one of those names, but Murray Rothbard brings his contributions to Austrian thinking to light.

Names like Menger, Böhm-Bawerk, Wieser, Hayek, and Rothbard are well-known to adherents of the Austrian school of economics. Emil Kauder isn't one of those names, but Murray Rothbard brings his contributions to Austrian thinking to light.

Man gives to other men in order to receive from them. Mutuality emerges. Man serves in order to be served.

Many think cancel culture is an odd particularity of the Anglosphere. Unfortunately, it raised its ugly head at this year's Austrian Economics Meeting Europe held in Lithuania.

In Human Action, Mises had shown that economic analysis leads directly to laissez faire conclusions. He demonstrated that government intervention entails consequences that are unwanted even from the point of view of the champions of these interventions.

Every worldview and every ideology that is not entirely committed to asceticism must recognize that society is the great means to earthly ends.

Rothbard's obituary for Mises: "Words cannot express our great sense of loss: of … this courageous and lifelong fighter for human freedom; … this noble inspiration to us all."