History of the Austrian School of Economics

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. 

Among the fallacies Mises debunked in his first book were those of the chartalists - the predecessors of Modern Monetary Theory.

Each physical unit of a means that enters into human action is valued separately.

A sober look at the assumptions underlying neoclassical analysis reveals that they are either not realistic or not applicable in economic analyses of the real world.

Several generations have benefited unknowingly from Mariana's courageous efforts to defend private property and freedom against the tyrants of his day.