Articles of Interest

Praxeology rests on the fundamental axiom that individual human beings act, that is, on the primordial fact that individuals engage in conscious actions toward chosen goals.

Mahoney argues that although Mises correctly conceived of value as an ordinal relation, precluding the possibility of value imputation, in many of his expositions of the market process he adopts a notion of value as a cardinal thing in explaining the task confronting actors in either the planned or unplanned economy.

Hatch explains why a significant monetary inflation is taking place and is laying the foundation for price inflation in the years ahead.

Presented at the 2004 Austrian Scholars Conference.

A tribute to Ludwig von Mises by Alfred Tella.

Salerno argues that Hayek was a self-conscious adherent of the Wieserian tradition and remained so even after he received the Nobel Prize in 1974, and that he distinguished between this tradition and the Böhm-Bawerkian tradition followed by Ludwig von Mises.

Philadelphia was the home not only of the first two federal banks, but it was the home of the two libertarian political economists who introduced and defended the independent treasury idea into the public consciousness, and created public pressure for its enactment.

The standard interpretation of the Panic of 1837 and subsequent recession blamed state bank monetary inflation abetted by President Jackson's removal of the federal deposits from the Bank of the United States.

World War I marks one of the great watersheds of modern history.

Fetter saw "economics as essentially the study of value, and has viewed all economic phenomena as the concrete expression, under varied circumstances, of one uniform theory of value.

Despite the many illustrious forerunners in its six-hundred year prehistory, Carl Menger (1840-1921) was the true and sole founder of the Austrian school of economics proper. He merits this title if for no other reason than that he created the system of value and price theory that constitutes the core of Austrian economic theory. But Menger did more than this: he also originated and consistently applied the correct, praxeological method for pursuing theoretical research in economics. Thus in its method and core theory, Austrian economics always was and will forever remain Mengerian economics.

J.B. Say deserves to be remembered, especially by Austrian economists, as a pivotal figure in the history of economic thought. Yet, one finds him discussed very briefly, if at all.

Presented at the 6th Austrian Scholars Conferece, Auburn, March 24–26, 2000.

Foss discusses the merits and drawbacks of game theory in economics from the perspective of Austrian economics.

The introduction to The Austrian Theory of the Trade Cycle and Other Essays, edited by Richard M. Ebeling.

This paper originally published in the Austrian Economics Newsletter (Auburn: The Mises Institute) Summer 1991, pp. 1-6.

A tribute to Ludwig von Mises written by George Reisman on the 100th anniversary of Mises's birth.

A tribute to Ludwig von Mises by John V. Van Sickle.

A tribute to Ludwig von Mises by William H. Peterson.