History of the Austrian School of Economics

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Murray N. Rothbard

Murray N. Rothbard slices his way through ten of the most common value-based calumnies against the market economy. An excerpt  from Man, Economy, and State, with Power and Market.

David Gordon

William Röpke, who fled Nazi Germany in the 1930s, has made important contributions to Austrian economic analysis. Not surprisingly, he rejected collectivism as a way to organize an economy.

Robert W. McGee

According to Galiani, interest equalizes present and future money. It is a means to compensate for the palpitations of the heart that a creditor must endure until the money is returned.

Antony P. Mueller

While socialists posit socialism as a humane and ethical system, it is anything but that. Mises understood its brutality long before socialism gripped the world.

Ludwig von Mises

The market economy is the social system of the division of labor under private ownership of the means of production. "To assign to everybody his proper place in society is the task of the consumers. Their buying and abstention from buying is instrumental in determining each individual's social position."