History is not an inevitable march upward, as concluded in the 1830s. That determinist view put the stamp of approval on everything past and present. It permeates economic history. It ignores the great moral choices. History is a race between state power and social power.
Carl Menger, 1840-1921, founded Austrian economics. Eugen von Bohm-Bawerk was the most important student. Weiser was his brother-in-law, but was fairly pre-Keynesian. Mises was the great successor to Bohn-Bawerk.
Originally published as chapter 16 in An Austrian Perspective on the History of Economic Thought, Vol. I
Hans Hoppe explains why cities exist and how governments destroy them through interventionist politics.
In a dark hour of Mises's life, there was a glimmer of light: an invitation from New York University to speak about the contributions he had made to economic thought. The address was given in 1940, nine years before Human Action appeared on the scene.
The marketplace is a wonderful place, writes Chris Westley, except when it's MarketPlace, that public radio program that airs mornings and evenings.
Recorded at the Mises Institute, 7–8 October 2005.
Recorded at the Mises Institute, 7–8 October 2005.
