The Present State of Austrian Economics

Tags: History of the Austrian School of Economics, Other Schools of Thought

07/20/2006 Articles of Interest Murray N. Rothbard

Downloads

The Present State of Austrian Economics_2.pdf

This paper was delivered at the “Tenth Anniversary Scholars’ Conference of the Ludwig von Mises Institute,” October 9, 1992.

References

Reprinted in The Logic of Action One: Method, Money, and the Austrian School. Glos, UK: Edward Elgar Publishing Ltd., 1997, pp. 111-72. Also reprinted in Journal des Economistes et des Etudes Humaines 6, No. 1 (March 1995), pp. 43-89.

Subscribe to Articles of Interest

Latest Articles

The Noun Doctrine: Why Governments Prefer Enemies That Can’t Surrender

10/10/2025 Mises Wire Sako Garabedian

When the state declares war on abstractions, it is in perpetuity. Whiskey nor cocaine signed a treaty. Yet, for more than a hundred years, American politicians have declared “wars” on these abstractions with the same certainty that they declared wars on foreign nations.

When Pinker Doesn’t Know

10/10/2025 Friday Philosophy David Gordon

In this week’s Friday Philosophy, Dr. David Gordon reviews Steven Pinker’s new book, When Everyone Knows That Everyone Knows. As Dr. Gordon aptly points out, Pinker knows a lot less than he thinks he does.

The Fed and Its “Neutral” Rates

10/10/2025 Power & Market Alejandro A. Tagliavini

Interest rates should be determined by the market, according to its needs, to operate efficiently and effectively distribute society’s financial resources.

Economics and the Infantilization of Culture

10/10/2025 Mises Wire Joshua Mawhorter

The yearning for a state-controlled system is not born of compassion for others but rather of infantile selfishness.

The Crisis of the American Tax State

10/09/2025 Mises Wire Ryan McMaken

United States is now a full-blown "tax state" in that lawmakers can raise taxes with minimal effort without meaningful legal resistance from any other domestic institution.

Meet the Writer

Murray N. Rothbard

Murray N. Rothbard made major contributions to economics, history, political philosophy, and legal theory. He combined...

Introduction to Natural Law

09/08/2025 Mises Daily Murray N. Rothbard

The natural law is, in essence, a profoundly “radical” ethic, for it holds the existing status quo, which might grossly violate natural law, up to the unsparing and unyielding light of reason.

Murray Rothbard on Flag Burning

08/26/2025 Notes in the Margin Murray N. Rothbard

President Trump’s recent executive order forbidding burning the U.S. flag is in direct opposition to the property rights issue that Murray Rothbard took on the same subject.

What is the Mises Institute?

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.

Become a Member