Philosophy and Methodology

Presented at Mises University 2019.

The vocational economist is dedicated to a body of ideas — not merely money, fame, or power — and strives to master the system of economic theory as handed down by the great system builders and innovators of the past. 

Presented at Mises University 2019.

Presented at Mises University 2019.

Patrick Deneen lumps everything he dislikes under the label of "liberalism." But one is left wondering if he is familiar enough with liberalism's history to pass judgment on it.

The workers were never enthusiastic about socialism. Socialism was brought to the masses by intellectuals of bourgeois background, dining and wining together in the luxurious London homes and country seats of late Victorian "society."

The praxeological method was the basic method of the earlier Austrian school and also of a considerable segment of the older classical school.

Efficiency is backward-looking and static, while value creation is future-oriented and aspirational. 

"He loved liberty as other men love power," was the judgment passed on Benjamin Constant by a contemporary. His lifelong concern, both as a writer and politician, was the growth of human freedom. 

Austrian economics diverges in several important ways from that followed by our colleagues in the mainstream of the profession.