History of the Austrian School of Economics

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

A number of writers have, on occasion, claimed to have perceived a con­tradiction in Mises, writes Israel Kirzner. The tension between science and values can, in fact, be resolved.

Professor Mises had come to the United States in 1940 and joined the faculty of the Graduate School in 1945. At that time he had already published his Bureaucracy (1944) and Omnipotent Government (1944) and undoubtedly was laboring on his magnum opus, Human Action (1949) which built on its German-language predecessor Nationalökonomie.

This year's Nobel laureates in economics, writes Frank Shostak, have contributed to further obscuring our understanding of the business cycle.

In his Schlarbaum Laureate address, Hans Sennholz recounts his experiences with Mises as both mentor and friend, he regards this prize as the crowning honor.

Lew Rockwell offers a tribute to Hans Sennholz, the first student in the United States to write a dissertation and receive a PhD under the guidance of Ludwig von Mises.

The Ludwig von Mises Institute has published a new edition of Murray N. Rothbard’s Man, Economy, and State, and united this great treatise with Power and Market, which was originally written as the final section of the book but was published only eight years later.

Bruce Caldwell has adopted a sensible strategy to cope with the formidable task he has set himself.

Recorded at Mises University 2003.