Philosophy and Methodology

Can silver be called a Giffen Good? Probably not, although that fact doesn’t discourage some from looking for the equivalent of a unicorn in economic thinking.

A tribute to the late Roger W. Garrison (1944–2026) was delivered at the opening reception of the Austrian Economics Research Conference (AERC) in Auburn, Alabama on March 19, 2026.

In a world characterized by genuine uncertainty rather than mechanical predictability, analytic reasoning provides a form of epistemic certainty that empirical observation alone cannot secure.

Professor Joseph Salerno traces how Rothbard's mastery of the praxeological method led him to the controversial but logically airtight conclusion that business cycles have a single, exogenous cause and a single cure.

Rothbard argues that genuine science in the social realm starts with clear logic about human action.

Mainstream economics has deliberately abandoned the history of economic thought. Austrian economists must keep teaching and re-teaching the great debates of the past.

The realist liberalism of the French and Italian nineteenth-century radicals provides the key foundation for secessionist anti-state libertarianism.

In commemoration of Murray Rothbard’s 100th birthday, Bob shares five “greatest hits” from Rothbard’s economics, covering deficits vs. inflation, monopoly theory, excess capacity, the time structure of production, and his reconstruction of utility and welfare economics.

For more than a century, economists have tried to reduce economics to a series of mathematical equations and statistical analysis. They have failed miserably, but that doesn’t stop them from continuing down the same mistaken path.

The revival of Austrian economics had roots in the Circle Bastiat group that met in New York City in the 1950s, among them Murray Rothbard and Ralph Raico.