History of the Austrian School of Economics

The Austrian economists unconditionally rejected the logical relativism implied in the teachings of the Prussian Historical School.

The vast majority of people who have learned anything about economics have relied on Bastiat or publications that were influenced by his work. This collection — possibly more than anything ever written about economics — is the antidote for economic illiteracy regarding such things as the inadvisability of tariffs and price controls, and everyone from the novice to the PhD economist will benefit from reading it.

Faced with this shattering blow, Baldy Harper never faltered; with unswerving and inspiring integrity, he determined to build the Institute for Humane Studies even without its promised endowment.

The fascinating history of this great body of thought, through all its ebbs and flows, is the story of how great minds can advance science and oppo

Biography of Fritz Machlup (Dec. 15, 1902–Jan. 30, 1983), by Mark Thornton.

The Frederick L. Maier Lecture, recorded at Mises University 2007.

Birth: By the late 1940s, Mises was recognized in libertarian centers, but overnight in 1949 he became a central intellectual figure by his publication of Human Action.

This work of six years of labor appeared in 1940. It was the predecessor to Human Action published nine years later. Epistemology and value theory were the two central problems.

Arriving in New York in 1940, Mises found many friends from Geneva there, but no income or assets at the age of 59. Mises began writing in English. During this time, Leonard Read created FEE – the Foundation for Economic Education- which later on turned into a forum for Austrian economics.

Mises was in his prime from 1920-1934 while he was 39-53 years old. Three main areas in these years were certain people, his intellectual contributions, and other work.