History of the Austrian School of Economics

[N]o good can be employed for the function of a medium of exchange which at the very beginning of its use for this purpose did not have exchange value on account of other employments.

From Gene Epstein in Barron’s

We were now not only looking for an isolationist movement; we were looking for an anti-imperialist movement, a movement that zeroed in on the American Empire as the great threat to the peace…

Guido Hülsmann shows us in this monumental biography that a common view of Mises is mistaken.

Mises's radical views meant that he could never be a conventional conservative, though he was quite capable of alliance with rightwing governments to advance the cause of economic liberty.

Guido Hülsmann shows us in this monumental biography that a common view of Mises is mistaken. As even Macaulay's schoolboy knows, the American economics profession, dominated by Keynesianism, shunted Mises

The law of marginal utility does not deal primarily with the value of things, but with the value of the services a man expects to get from them.

If you remember, the two previous entries were about the problem of economic organization under capitalism and why this system of economic organiza

How are we to understand the relation between the apparently radical and apparently nonradical aspects of his thought?

What's wrong with the argument that "if A is preferred to B and B is preferred to C, logically A is preferred to C"?