History of the Austrian School of Economics

"An individualist unafraid to think for himself, Mariana clearly took little stock in the Jesuit ideal of the society as a tightly disciplined military-like body."

Hoppe definitively established that the unhampered market is superior in improving social welfare.

Finally, this view, based only on the doctrines of one obscure and heterodox scholastic, was enshrined in conventional histories of economic thought, where it was seconded by the free market but fanatically anti-Catholic economist Frank Knight and his followers in the now highly influential Chicago School.

We must hope that those in the Western world who seem to be ready to sacrifice intellectual freedom because it does not mean the same economic opportunity for all will yet realize what is at stake.

People did not conceive that what they lamented was the necessary outcome of policies directed toward a lowering of the rate of interest by means of credit expansion.

From An Austrian Perspective on the History of Economic Thought, Volume I. Pages vii-xiii in the text. Narrated by Jeff Riggenbach.

"Menger's work provided the foundation for all of the Austrian School and the bedrock for monetary theory, laying the groundwork for Mises, Hayek, and Rothbard."

Mr. Calandro not only strives to teach a method to avoid the delusion, but to attempt to profit from the resultant cleaning out when the bubble bursts.

Money then, for Buridan, is a market commodity, and the value of that money, just as in the case of other market commodities, "must be measured by human need."

The students' interest in the current economic crisis has served as a source of motivation for them to learn the subject well.