Philosophy and Methodology

The doctrine of positive economics tells us that data will provide an appropriate theory. As usual Austrian economists understand that mainstream economists have the entire thing backwards.

Dr. Wanjiru Njoya argues that Rothbard's political philosophy is not a sideshow to his economics but its essential second pillar, and that this integrated system is precisely what is needed to challenge the egalitarian premise at its root.

Who would join a radical minority movement, and commit him- or herself for life to social obloquy and a marginal existence, for the sake of 20% more bathtubs, or 15% more candy bars? Who will man the barricades either physically or spiritually, for more peanuts or Pepsi?

Bob responds to a new working paper from the Geo-chartalism project, which claims to offer a complete theory of the price level by combining insights from Menger, Cantillon, and Warren Mosler.

Ryan McMaken looks in detail at an important essay by historian Ralph Raico in which Raico critiques Ludwig von Mises's views on democracy, fascism, and immigration.

Whenever there is an economic problem, politicians in knee-jerk response blame private monopolies. The problem isn’t monopolies; the problem is government.

Murray Rothbard’s For a New Liberty is a classic at bringing together the foundations of Austrian Economics and libertarian thinking.

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.