This young Austrian is having quite a year.  In July he won LvMI’s 2012 Douglas E. French Prize, “for the student who emerges from the Mises University oral examinations with the best record, as chosen by the examining committee.”  And just last week, he won the Society for the Development of Austrian Economics’ 2012 Carl Menger Essay Contest for his “The Long Depression of 1873-1879: An Austrian Examination”.  Fantastic work, Patch!

Libertarian Anarchy would have delighted Murray Rothbard. In this book, a distinguished Irish philosopher defends forcefully and eloquently Rothbardian anarchism. Like Rothbard, Casey considers the state a criminal organization, one that by its nature violates essential human rights.

[This article is excerpted from volume 2, chapter 11 of An Austrian Perspective on the History of Economic Thought (1995). An MP3 audio file of this chapter, narrated by Jeff Riggenbach, is available for download.]

Joseph Salerno makes the Austrian case for drastic government spending and tax cuts:

In an Onion spoof of a typical TED talk, the speaker explains a profit opportunity he has costlessly discovered: 

The relentless war against cash payments waged by governments worldwide has perhaps gone furthest in Scandinavia. The ostensible reason given by our rulers for suppressing cash is to keep society safe from terrorists, tax evaders, money launderers, drug cartels and sundry other villains, real or imagined.

Imagine a world in which the works and ideas of Ludwig von Mises had been neglected and ultimately forgotten. The socialist-calculation argument, the Austrian theory of the business cycle, praxeology: each nothing more than a footnote in the history of economic thought.

Imagine a world in which the only Austrian economists were a handful of diffuse and eclectic thinkers puttering around harmlessly and fruitlessly in academia.