History of the Austrian School of Economics

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Ludwig von Mises

There are two main branches of the sciences of human action: praxeology and history.

Llewellyn H. Rockwell Jr.

Finally, I must add that Sennholz has never been shy about insisting on the centrality of ethics in the study of economics. He has decried the welfare state as confiscatory and immoral. He has called inflation a form of theft. He has identified government intervention as coercion contrary to the true spirit of cooperation.

Robert Higgs

I hold him to have been one of our century's great intellectual figures, whose neglect by mainstream academicians is inexcusable.

Frank Shostak

Contrary to mainstream thinking, the Austrian framework shows that it is the importance of various ends that determine the selection of goods by individuals. The means-end framework also shows that the prices of goods are not set mechanically by some kind of supply-demand curves but by the goal-seeking choices of individuals.

Robert P. Murphy

What does Mises mean by saying, "The revolt against reason was directed against another target. It did not aim at natural sciences, but at economics"?

David Gordon

For Rothbard, the Articles of Confederation were not, contrary to most historians, an overly weak arrangement that needed to be replaced by the more centrally focused Constitution. Quite the contrary, the Articles themselves allowed too much central control.

Jeffrey A. Tucker

It might be May Day in Cuba--the day on which Castro gives his traditional 4–5 hour speech, or so says NPR with exuberant expectation—but at the Mi

Murray N. Rothbard

The 'ability-to-pay' principle resembles more the highwayman's principle of taking where the taking is good.

Gene Callahan

Saving in the interest of infinitely postponed consumption is not saving at all — it is pure loss.