History of the Austrian School of Economics

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

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.

This new typology of numerous strands of Austrian (and Austrian-related) economics provides some essential insights into the field of entrepreneurship and organization economics.

Mario Rizzo is a professor in the Department of Economics at NYU–where he was Bob’s dissertation chair. He talks about how he found the Austrian School and his own contributions to economics.

Jeff Deist details the good, bad, and ugly of a book on the history of the Austrian school, written by a left-progressive historian from a critical perspective.

Big business, the target of the most fanatic attacks by the so-called leftists, produces almost exclusively to satisfy the wants of the masses. In fact, serving the masses is the main occupation of the "capitalist."

As a master of the history of economic thought, as well as a personal participant in some of the major events, Richard recounts to Bob some of the important history of the Austrian School in the 20th century.

Mises explicitly explained that fascism (which he called by its Italian name, “stato corporativo”) is nothing but an outgrowth of socialism and is incompatible with a free market.

George Reisman talks with Bob Murphy and shares anecdotes about his experiences with Mises and Rand.

In a totalitarian system, competition means courting the favor of those in power. In the market system, competition means sellers try to outdo one another by offering better or cheaper goods and services to the buyers.