In the last sixty or eighty years in every country eminent citizens have become alarmed about the rising tide of totalitarianism. They wanted to preserve freedom and Western civilization and to organize an ideological and political movement to stop the progress on the road to serfdom.
All these endeavors failed utterly; the parties and groups dedicated to their realization very soon disappeared from the public scene. Even their names fell into oblivion.
In 1931, the International Rotary held its annual convention in Vienna, Austria. For the meeting, Rotary issued a tabloid. It contained information about Rotary’s agenda for that convention, its international activities, and articles by Rotary members in Vienna. One of these short articles was “by Rotarian Dr. Ludwig Mises, professor at the University of Vienna.”
From The Review of Austrian Economics, Vol. 3, 1989.
Mark Skousen Saving the Depression: A New Look at World War II Adobe Acrobat 6.0 Paper Capture Plug-in
The most significant recent development in the study of economic history has been the investigation of the profitability of American slavery made famous in Robert Fogel and Stanley Engerman’s Time on the Cross. Their book not only rewrote the history of antebellum slavery, it ushered in a completely new methodology of economic history: the cliometric revolution. The book was also very well received by the media, something extremely rare in an academic study.
“In the direct handling of economic life, governments are usually clumsy and ineffective. ...Their main business should be that of traffic cop, not that of driver, and above all not that of back-seat driver.”
“A return to Austrian School tenets, both in capital theory and in monetary theory, and also in business-cycle theory, is absolutely needed.”
The Stock Market, Credit and Capital Formation by Fritz Machlup (1931, 1940): translated from a revised version of the German edition by Vera C. Smith (a pdf file). Read an interview with Machlup in the Austrian Economics Newsletter
Many crucial Austrian insights have been found in the economics of Irish banker Richard Cantillon1 (1680–1734)
Lionell Robbins The Nature and Significance of Economic Science (1932) First Edition
