History of the Austrian School of Economics

Forget the tests; just set kids free.

Recorded at the Ludwig von Mises Institute, Auburn, Alabama; 5-6 February 1999.

Recorded at the Ludwig von Mises Institute, Auburn, Alabama; 5-6 February 1999.

Recorded at the Ludwig von Mises Institute, Auburn, Alabama; 5-6 February 1999.

Recorded at the Ludwig von Mises Institute, Auburn, Alabama; 5-6 February 1999.

Recorded at the Ludwig von Mises Institute, Auburn, Alabama; 5-6 February 1999.

You'll find that even stronger than his belief in free markets was Mises's faith in the power of reason.

Economics in One Lesson has convinced me that free-market economics is as beautiful, in its way, as is a prism, a diamond, a sunset, the smile of a baby.

For until Rothbard's work is carefully studied by every advocate of liberty, the value of his contributions to the libertarian system cannot be fully appreciated and, moreover, the unity and true historical context of libertarianism will not even be fully grasped.

One of the most important principles of economics is that decisions are made at the margin, and one of the key problems in classical economics concerned the source of value.