History of the Austrian School of Economics

Strigl's 1934 contribution to Austrian capital theory is brought to the English-speaking world for the first time.

Presented in Vienna, Austria, on 19 September 2011. Includes an introduction by Douglas E. French.

Presented in Vienna, Austria, on 20 September 2011. Includes an introduction by Douglas E. French.

Presented in Vienna, Austria, on 19 September 2011. Includes an introduction by Douglas E. French.

It's a bit odd for the economics profession right now to be celebrating two scientists for their work in helping policymakers steer the macroeconomy.

Ludwig von Mises has safeguarded the foundations of a rational economic science.

Just as the interventions of the Hoover administration in the early 1930s led to a massive increase in government under the New Deal and the abandonment of the gold standard, so too have the "stimulus" packages gotten us to the point where raw money printing is a policy option.

Mises and Hayek are widely considered the most eminent liberal thinkers of the twentieth century. But, there are differences in their two legacies.

Mises missed no opportunity, in private as well as in public, to proclaim his abhorrence of all forms of state intervention.

What is the problem we wish to solve when we try to construct a rational economic order?