History of the Austrian School of Economics

The meaning of his life and contributions.

In this year of Millennium Lists ("Best Ten Songs of the Millennium," etc.), the Wall Street Journal tried its hand at the ten economists--whom it called the "best and brightest"--who have "made a difference" in the last thousand years. Of course, the big problem in twentieth-century intellectual history is that the "best and the brightest" were not the ones who "made a difference." While the list did contain some names to cheer (Aquinas, Hayek, and Schumpeter) it also had plenty to boo (Marx, Keynes, and Veblen).

In 1949, freedom had no future.

The perils of Social Security reform.

How Mises's Human Action came to be written.

Carl Menger set economic science on a new course.

Have another look at that subtitle. It suggests that readers of Foundations of Austrian Economics are in for a long haul, and I fear that expectation is correct. 

Two freedom advocates square off on school vouchers.

Ed Shanahan on the significance of the Austrian tradition. 

Röpke's censored treatise foreshadowed Human Action.