History of the Austrian School of Economics

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Trieu Nguyen

Names like Menger, Böhm-Bawerk, Wieser, Hayek, and Rothbard are well-known to adherents of the Austrian school of economics. Emil Kauder isn't one of those names, but Murray Rothbard brings his contributions to Austrian thinking to light.

Ludwig von Mises

Man gives to other men in order to receive from them. Mutuality emerges. Man serves in order to be served.

Jörg Guido Hülsmann

In Human Action, Mises had shown that economic analysis leads directly to laissez faire conclusions. He demonstrated that government intervention entails consequences that are unwanted even from the point of view of the champions of these interventions.

Ludwig von Mises

Every worldview and every ideology that is not entirely committed to asceticism must recognize that society is the great means to earthly ends.

Murray N. Rothbard

Rothbard's obituary for Mises: "Words cannot express our great sense of loss: of … this courageous and lifelong fighter for human freedom; … this noble inspiration to us all."

Karl-Friedrich Israel

Many think cancel culture is an odd particularity of the Anglosphere. Unfortunately, it raised its ugly head at this year's Austrian Economics Meeting Europe held in Lithuania.

Joseph T. Salerno

Not only must the war against progressivism be fought with a religious fervor, but it must also be, in Rothbard’s words, “openly and gloriously reactionary.”

Murray N. Rothbard

Utilitarianism assumes that morality—the good—is purely subjective to each individual. It also assumes that these subjective desires can be added, subtracted, and weighed across the various individuals in society.

Ludwig von Mises

That man acts and that the future is uncertain are by no means two independent matters. They are only two different modes of establishing one thing.