History of the Austrian School of Economics

Explains the contributions of Mises and Rothbard to the development of modern economic thought.

It is no accident that Germany, the country that inaugurated the social-security system, was the cradle of both varieties of modern disparagement of democracy, the Marxian as well as the non-Marxian.

Recorded at Mises University 2010. Includes an introduction by Mark Thornton. 

Lucidly and unflinchingly he shows it to be the only system consonant with individual freedom and personal autonomy, as well as with modern industrialized society.

Naturally, given Mises's emphasis on the centrality of the division of labor to the maintenance and progress of civilization, he is particularly outspoken regarding the evils of aggressive war, which on top of its physical and human toll brings about the progressive impoverishment of mankind by its radical disruption of a harmonious structure of production that spans the entire globe.

The idea of final utility is to the expert the open sesame, as it were, by which he unlocks the most complicated phenomena of economic life and solves the hardest problems of the science.

Choosing means is a matter of reason, choosing ultimate ends a matter of the soul and the will.

From An Austrian Perspective on the History of Economic Thought, Volume II. Narrated by Jeff Riggenbach.

From An Austrian Perspective on the History of Economic Thought, Volume II. Narrated by Jeff Riggenbach.

From An Austrian Perspective on the History of Economic Thought, Volume II. Narrated by Jeff Riggenbach.