History of the Austrian School of Economics

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Robert P. Murphy

In the latest installment of Understanding Money Mechanics, Robert Murphy explains what Bitcoin is, how it works, and how it fits into Misesian monetary theory.

Jeff Deist

Economics today poses as a predictive discipline which fails to correctly predict anything; a prescriptive discipline which prescribes the wrong policies; and an empirical discipline which collects data but misses the point.

Ryan McMaken

Secession and decentralization are good for two reasons: they move us toward a society with more individual freedom. And smaller, more decentralized societies are more economically free.

Margit von Mises

Margit von Mises wanted her husband to be remembered for his humanity as much as his wisdom.

Jeff Deist

The Marginal Revolutionaries: How Austrian Economists Fought the War of Ideas is a lively history of the astonishing influence prewar Viennese intellectuals had on the greater world, and continue to have in areas far beyond economics.

Ludwig von Mises

Private ownership of the means of production is the fundamental institution of the market economy. It is the institution the presence of which characterizes the market economy as such. Where it is absent, there is no question of a market economy.