Menger the Revolutionary
While Menger shared his contemporaries’ preference for abstract reasoning, he was primarily interested in explaining the real-world actions of real people.
While Menger shared his contemporaries’ preference for abstract reasoning, he was primarily interested in explaining the real-world actions of real people.
Civilization is an achievement of the 'bourgeois' spirit, not of the spirit of war and conquest.
Guido Hülsmann highlights the life and work of Ludwig von Mises (1881–1973), arguably the greatest economist of all time.
G.P. Manish highlights the life and work of theologian and scholar Philip Wicksteed (1844–1927).
The life and work of the 19th century economist and statesman, Claude-Frédéric Bastiat (1801–1850), are highlighted by Guido Hülsmann.
Richard Cantillon (1680–1734) was perhaps the most important and influential economist of all time, though few people have ever heard of him.
In some Austrian circles, it's popular to downplay Murray Rothbard's significance to the Misesian tradition. History isn't on their side.
Lucas Engelhardt explains the many contributions of an early precursor to not only the Austrian school but to the whole of economic thought.
Efficiency is not just the avoidance of waste. When entrepreneurs expand the boundaries of what is economically possible, we get "dynamic efficiency," which is essential for progress.