History of the Austrian School of Economics

All human action stems from the value judgments of individuals. Economics, properly understood, was never so foolish as to believe that all that people are after is higher incomes and lower prices.

The Scholastics were constrained in their development of economics by considerations of deference to authority and by the relatively slow development of the external economic conditions upon which to reflect.

Yoram Hazony’s critique of Hayek highlights interesting fissures in theories of political economy on the Right.

Featuring Hoppe’s remarks from his AERC panel discussion. Sponsored by Steve and Cassandra Torello.

The 2019 Henry Hazlitt Memorial Lecture, sponsored by Hunter Lewis.

There is a persistent myth that capitalism has destroyed what would have been a natural abundance and peace of mind. Yet nature does not generate abundance or peace. The characteristic mark of the "state of nature" is irreconcilable conflict. 

Bastiat’s great themes — harmony rather than equilibrium, property versus spoliation, and property and value — have been almost completely neglected in professional economic science during the unfortunate twentieth century.

Dr. Shawn Ritenour joins the Human Action Podcast to discuss Mises's monumental work on Socialism. 

The so-called "art of central banking" lies in picking the "right" target interest rate. But, there's no way to know the "correct" rate without giving markets freedom from central bankers.

Oskar Lange was a Marxist economist and intellectual opponent of Mises. Late in his career, he sought to merge praxeology and Marxism.