History of the Austrian School of Economics

The law of marginal utility does not deal primarily with the value of things, but with the value of the services a man expects to get from them.

If you remember, the two previous entries were about the problem of economic organization under capitalism and why this system of economic organiza

How are we to understand the relation between the apparently radical and apparently nonradical aspects of his thought?

What's wrong with the argument that "if A is preferred to B and B is preferred to C, logically A is preferred to C"?

I am quite impressed with the article on the Mises Institute on Wikipedia.

To Garrett, there is no heroism in war but only in creativity and production, and no folly greater than overthrowing the institutions that make creativity and economic progress possible.

Delivered at the Mises Institute’s 25th Anniversary Celebration, 13 October 2007, in New York City.

Delivered at the Mises Institute’s 25th Anniversary Celebration, 13 October 2007, in New York City.

Mises knew that Vienna was in even worse shape than after World War I, and this time lacked the leadership to prevent the rampant socialization of the entire country.

‘ON SEP