Final Utility: The Cornerstone of Austrian Theory
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.
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.
The Royal Company was at last dead, stillborn, and old du Noyer's loss was the French public's gain.
David Howden review Hans-Hermann Hoppe's 2009 Festschrift.
It is natural to wonder what scholar today has inherited the mantle of Rothbard. To me this is the wrong way to look at it. Rothbard vastly broadened that mantle so that hundreds, thousands, and millions of people can wear it.
Rothbard was a man of great achievement and immense scholarship, an indefatigable worker, and the most significant anarchist writer then living — i
With Man, Economy, and State, Mises concluded, "Rothbard joins the ranks of the eminent economists."