History of the Austrian School of Economics

The Murray N. Rothbard Memorial Lecture.

At a time when universities have become the most intolerant institutions against intellectual freedom, environments like the Austrian Economics Research Conference have never been more important.

To be an economist with integrity means having to say things that people don't want to hear and especially to say things that the regime does not want to hear. 

Instead of succumbing to the zeitgeist, Rothbard moved it.

In Rothbard’s writings I did not find only something totally new to me, but I also found, explained in consistent and simple words, the reasons for the inefficiency and failure of most of the politics of my country, Italy.

Perhaps Murray’s greatest virtue was his genuine and abiding intellectual humility. 

Instead of succumbing to the zeitgeist, Rothbard moved it.

The task at hand is the study of the problems of the determination of prices and interest rates. This task requires a sharp distinction between money-certificates and fiduciary media.

We will never water down our message to satisfy censors or maintain a particular platform; instead we will work around them.

With his Principles of Economics Carl Menger not only laid the foundation for the Austrian school itself but for its continuing development to this day.